Waterway & Cullumber Fabricators produces commemorative bricks that organizations use for fundraising projects. Gary Waterway. the company's vice president of marketing, has prepared the following sales forecast for the first six months of the coming year. The company plans to sell the bricks for $28 each. January February March April 25,000 28,000 32,000 34,000 May June 26,000 35,000 Waterway & Hill Fabricators' marketing department has identified the following monthly expenses that will be needed to support the company's sales and administrative functions. Depreciation $12,000 Sales staff salaries $21,000 Advertising $2,400 Executive salaries $38,000 Miscellaneous $1,800 In addition to these monthly expenses, the company will pay a commission to its salespeople equal to 8% of the sales revenue from each brick sold. The company expects bad debt expense to be 2% of sales revenue.