Blue Spruce, inc. provided the rotowing information: July August Projected sales $220,000 $276,000 Projected merchandise purchases $142,000 $178,000 Blue Spruce 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. Blue Spruce pays for 20% of merchandise purchases in the month purchased and 80% in the following month. General operating expenses are budgeted to be $20,000 per month, including depreciation of $2,100. Blue Spruce pays operating expenses in the month incurred. Blue Spruce makes loan payments of $4,500 per month of which $450 is interest and the remainder is principal. Calculate Blue Spruce's budgeted cash disbursements for August. Budgeted Cash Disbursements