Sweeney projects sales of $500,000. Cost of goods sold is 40% of sales, and administrative costs are $25,000. Depreciation of $5,000 is included in...

Sweeney projects sales of $500,000. Cost of goods sold is 40% of sales, and administrative costs are $25,000. Depreciation of $5,000 is included in these expenses. There are no changes in inventories, payables, or receivables.