Walnut has forecast sales for the next three months as follows: July 4,900 units, August 6,900 units, September 7,800 units. Walnut's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 2,100 units. Selling and administrative costs are budgeted to be $21,000 per month plus $13 per unit sold. What are budgeted selling and administrative expenses for July?

$84,700

$80,200

$126,880

$72,280