Big Red's purchases from suppliers in a quarter are equal to 71 percent of the next quarter's forecast sales. The payables period is 60 days; other expenses are pain when incurred. Wages, taxes, and other expenses are 24% of sales, and interest and dividends are $40 per quarter. No capital expenditures are planned. Projected quarterly sales, starting with Q1 are $1520, $1580, $1630, and $1590 respectively. SAles for the first quarter of the following year are projected at $1540. What is the amount of the total disbursements for Q2?

$1,538

1553

1601

1520

1564