Assume that Waycross Manufacturing manages its cash flow from its home office. Waycross controls cash disbursements by category and month. In setting its budget for the next six months, beginning in July, it used the following managerial guidelines:

Purchases: pay half in current and half in the following month

Payroll: Pay 90 percent in current month and 10 percent in the following month

Loan payments: pay total amount due each month

Category	May	June	July	August
Purchases	$30,000	$48,000	$50,000	$50,000
Payroll	100,000	110,000	140,000	100,000
Loan Payments	10,000	10,000	11,000	11,000

Expected total cash disbursement for July would be:

Select one:

a.$49,000

b.$137,000

c.$197,000

d.$11,000