8 00 Assume a merchandising company's estimated sales for January, February, and March are $110,000, $130,000, and $120,000, respectively. Its cost of goods sold is always 60% of its sales. The company always maintains ending merchandise inventory equal to 25% of next month's cost of goods sold. It pays for 25% of its merchandise purchases in the month of the purchase and the remaining 75% in the subsequent month. What are the cash disbursements for merchandise purchases that would appear in the company's cash budget for February? 4 points Multiple Choice O $72,875 $73.875 O O $70,875 O $67,875