Budgeted merchandise purchases and budgeted expenses for the third quarter of ABC Company are given below. July August September Merchandise purchases $ 182,442 $ 220,526 $ 200,734 Salaries and wages $ 30,000 $ 32,000 $ 32,000 | Advertising $ 72/661 $ 67,677 $ 83,837 Rent payments $ 6,000 $ 6,000 56.000 Depreciation $ 5,000 $ 5.000 S5,000 Merchandise purchases are paid in full during the month following purchase. Accounts payable for merchandise purchases on June 30, which will be paid during July total $131,607. Salaries, Advertising and Rent Payment expenses are all paid in cash. Depreciation expense is shown on the income statement each month. Equipment costing $11.058 will be purchased for cash during August Calculate total cash payments budgeted for August