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ABC Company's raw materials purchases for June, July, and August are budgeted at $36,000,$26,000, and $51,000, respectively. Based on past experience, ABC expects that 40%

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ABC Company's raw materials purchases for June, July, and August are budgeted at $36,000,$26,000, and $51,000, respectively. Based on past experience, ABC expects that 40% of a month's raw material purchases will be paid in the month of purchase and 60% in the month following the purchase. Required: Prepare an analysis of cash disbursements from raw materials purchases for ABC Company for August

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