Baird Company, which sells electric razors, had $$360,000$ of cost of goods sold during the month of June. The company projects a $9$

percent increase in cost of goods sold during July. The inventory balance as of June $30$ is $$34,000,$ and the desired ending inventory

balance for July is $$35,000.$ Baird pays cash to settle $75$ percent of its purchases on account during the month of purchase and pays

the remaining $25$ percent in the month following the purchase. The accounts payable balance as of June $30$ was $$29,000.$

Required

a$.$ Determine the amount of purchases budgeted for July.

b$.$ Determine the amount of cash payments budgeted for inventory purchases in July.