A company is preparing a cash budget for Oct, Nov and Dec. Sales for each month are $120,600, $135,800 and $119,500. The disbursements for each month are as follows (Oct, Nov, Dec): . Disbursements for merchandise are budgeted as $25,000, $20,300 and 22,840. . Administrative expenses are 10% of the current month sales. . Selling commissions are 15% of sales. Additional sales salaries are $2,500 per month . The company expects to pay income taxes of $5,000 in November. . Equipment will be purchased for $30,000 in October. Total cash disbursements for October is: O $62,650. O $87,650. O $68,750. O $61,750