Ayayai, Inc. provided the following information: July August Projected sales $234,000 $278,000 Projected merchandise purchases $160,000 $182,000 Ayayai estimates that it will collect 40% of its sales in the month of sale, 35% in the month after the sale, and 22% in the second month following the sale. Three percent of all sales are estimated to be bad debts. Ayayai pays for 20% of merchandise purchases in the month purchased and 80% in the following month. General operating expenses are budgeted to be $21,500 per month, including depreciation of $1,900. Ayayai pays operating expenses in the month incurred. Ayayai makes loan payments of $3,500 per month of which $500 is interest and the remainder is principal. Calculate Ayayai's budgeted cash disbursements for August. Budgeted Cash Disbursements $