Assume a merchandising company's estimated sales for January, February, and March are $$101,000,$$$121,000,$ and $$111,000,$ respectlvely. Its cost of goods sold Is always $60\%$ of Its sales. The

company always maintains ending merchandise inventory equal to $15\%$ 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

$$67,190$

$$68,190$

$$65,190$

$$62,190$