Assume a merchandising company's estimated sales for January, February, and March are $$107,000,$$$127,000,$ and $$117,000,$ 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 $20\%$ of its merchandise purchases in the month of the purchase and the remaining $80\%$ 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

$$70,280$

$$71,280$

$$68,280$

$$65,280$