Borrow Corporation produces potato chips. The company expects to sell 75,000 bags of chips for $3 each in 2022. The expected cost of potatoes is $0.80 per pound. Each bag of chips requires 1.9 pounds of potatoes. Direct labor is $0.25 per bag and manufacturing overhead is $0.60 for each bag. The following inventory levels apply to 2022 (there are no work in process inventories): Beginning Ending Inventory Inventory Pounds of potatoes (direct materials) 36,900 pounds 32,400 pounds Bags of chips (finished goods inventory) 15,300 bags 18,600 bags What is the expected cash expenditure for potato purchases in 2022? a. $114,000 b. $110,400 c. $59,040 d. $115,416 e. $56,400 f. $144,270 g. $108,576 h. None of the above