Assume a merchandising company's estimated sales for January, February, and March are $117,000, $137,000, and $127,000, respectively. Its cost of goods sold is always 60% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold. It pays for 30% of its merchandise purchases in the month of the purchase and the remaining 70% in the subsequent month. What are the cash disbursements for merchandise purchases that would appear in the company's cash budget for February? Multiple Choice O $78,120 O o $72,120 O O $75,120 O O $77,120