A company sells lumber and general building supplies to building contractors in a medium-sized town. Data regarding the store's operations follow: Purchases is budgeted as June $260,500, July $230,000, and August $215,000. Twenty percent of purchases is paid in cash with the remaining paid in the month following the month of purchase. Cash payment in July for merchandise purchases would be: O $227,000. O$241,000. O $254,400. O $218,000