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Thomas Corporation recorded sales of $117415 during March. Management expects sales to increase 5% in April, another 2% in May, and another 10% in June.

Thomas Corporation recorded sales of $117415 during March. Management expects sales to increase 5% in April, another 2% in May, and another 10% in June. Cost of goods sold is expected to be 65% of sales. What is the budgeted gross profit for June?

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