Check my work 11 Mcfarland Company makes 100 percent of its purchases on credit. Credit purchases are paid as follows: 75 percent in the month of purchase and 25 percent in the month following the purchase. Mcfarland also has additional cash payments of $17,500 monthly. Mcfarland's budgeted purchases for upcoming months follow: points June $ 22, 500 eBook July 25, 000 August 23,000 Print September 21, 000 References Required: Compute Mcfarland's expected cash payments for August. Budgeted Cash Payments