Bridgeport State sells electronic products. The controller is responsible for preparing the

master budget and has accumulated the information below for the months of January,

February, and March.

Balances at January $1$ are expected to be as follows:

Cash $$6,770$ Inventories $$380,600$

Accounts receivable $511,800$ Accounts payable $163,700$

The budget is to be based on the following assumptions:

$1.$ Each month$$s sales are billed on the last day of the month.

$2.$ Customers are allowed a $3\%$ discount if their payment is made within $10$ days after

the billing date. Receivables are booked at gross.

$3.$ The company collects $60\%$ of the billings within the discount period, $25\%$ by the end

of the month after the date of sale, and $9\%$ by the end of the second month after the

date of sale; $6\%$ prove uncollectible.

$4.$ It pays $54\%$ of all materials purchases and the selling, general, and administrative

expenses in the month purchased and the remainder in the following month. Each

month$$s units of ending inventory are equal to $130\%$ of the next month$$s units of sales.

$5.$ The cost of each unit of inventory is $$20.$

$6.$ Selling, general, and administrative expenses, of which $$2,500$ is for depreciation, are

equal to $15\%$ of the current month$$s sales.

$7.$ Actual and projected sales are as follows:

Q$.$Calculate the budgeted cash disbursements during the month of February.