A company has budgeted direct materials purchases of $300,000 in July and $480,000 in August. Past experience indicates that the company pay for 75% of its purchases in the month of purchase and the remaining 25% in the next month. During August, the following items were budgeted: Wages Expense Purchase of office equipment Selling and Administrative Expenses Depreciation Expense The budgeted cash disbursements for August are $190,000 76,000 49,000 38,000 $701,000. $435,000 $788,000. $750,000 $674.000