Victoria Inc. makes one product and it provided the following information to help prepare the master budget for its first four months of operations:

The budgeted selling price per unit is $$80.$ Budgeted unit sales for June, July, August, and September are $10,400,11,400,13,400,$ and $16,400$ units, respectively. All sales are on credit.

$60\%$ of credit sales are collected in the month of the sale and $40\%$ in the following month.

The ending finished goods inventory equals $20\%$ of the following month$$s unit sales.

The ending raw materials inventory equals $10\%$ of the following month$$s raw materials production needs. Each unit of finished goods requires $5$ kg of raw materials. The raw materials cost $$2\mathrm{.}00$ per kilogram.

$30\%$ of raw materials purchases are paid for in the month of purchase and $70\%$ in the following month.

The direct labour wage rate is $$20$ per hour. Each unit of finished goods requires two direct labour$-$hours.

The variable selling and administrative expense per unit sold is $$2\mathrm{.}00.$ The fixed selling and administrative expense per month is $$67,000.$

Required:

What is the estimated net operating income for July, if the company always uses an estimated predetermined plantwide overhead rate of $$10$ per direct labour$-$hour?