ABC Company's raw materials purchases for June, July, and August are budgeted at $$46,000,$$$36,000,$ and $$61,000,$ 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.

$\backslash$table$[[,$June,July,August$],[$Budgeted raw material purchases,,,$],[$August cash payments:,,,$],[$Current month's purchases,,,$],[$Prior month's purchases,,,$],[$Total cash payments,,,$]]$