#43

Sheffield Design provided the following budgeted information for April through July:

	April	May	June	July
Projected sales	$104500	$122600	$114500	$131700
Projected merchandise purchases	$82100	$92500	$77700	$66000

• The cash balance on June 1 is $11700. The company pays 30% of merchandise purchases in the month purchased and 70% in the following month.
• General operating expenses are budgeted to be $30500 per month of which depreciation is $3300 of this amount. Management pays operating expenses in the month incurred.
• The company makes loan payments of $4200 per month of which $610 is interest and the remainder is principal.

How much are budgeted cash disbursements for June?

$88060.

$91970.

$119460.

$126670.