4 , Expected direct materials purchases in Read Company are $80,000 in the first quarter and $70,000 in the second quarter. The company pays 40% of the purchases in cash as incurred, and the rest is paid in the following quarter. The budgeted cash payments in the second quarter are

Select one:

a. $90,000.

b. $72,000.

c. $78,000.

d. $76,000.