7.4 Reporting Cash Michael is preparing the company's cash budget. When preparing the cash disbursements section, he includes inventory, labo overhead, selling expenses, administrative expenses, depreciation, dividends, and income taxes. What error did Michael make cash disbursements be too high or too low as a result of this mistake? O Michael failed to include credit sales in his estimate, which would make cash disbursements too low. O Michael included depreciation in his estimate, which would make cash disbursements too high. O Michael included income taxes in his estimate, which would make cash disbursements too high. O Michael failed to include financing in his estimate, which would make cash disbursements too low. Save for Later