16 Stampede Corporation is preparing its cash payments budget for next month. The following information pertains to the cash payments: (Click the icon to wicw the data ) How much cash will be paid out next month? Stampede Corporation pays for 55% of its direct materials purchases in the month of purchase and the remainder the following month. Last month's direct material purchases were $72,000, while the company anticipates $87,000 of direct material purchases next month. Direct tabor for the upcoming month is budgeted to be $31,000 and will be paid at the end of the upcoming month. Manufacturing overhead is estimated to be 130% of direct labor cost each month and is paid in the month in which it is incurred. This monthly estimate includes $19,000 of depreciation on the plant and equipment. Monthly operating expenses for next month are expected to be $43.000, which includes $2.300 of depreciation on office equipment and $1,800 of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred. Stampede Corporation will be making an estimated tax payment of $7.500 next month