Assume that a company provided the following information and assumptions from its master budget: Sales budget: Unit sales in June, July, and August are 20,000,18,000, and 17,000 , respectively. The selling price per unt is $80. All sales are on account 20% of sales are collected in the month of sole and 80% are collected in the next month. Production budget: The ending finished goods inventory is always 25% of next month's unit sales. Selling and administrative expense budget: The variable selling and adtinatrative expense is $4.00 per unit. The total fixed selling and administrative expense is $60.000 including $11,000 of depreciation. What are the total budgeted cash disbursements for seling and administratve expense for July? Multiple Choice $121000 5122000 $112000 $120.000