Cheyenne Company budgeted the following information for 2022 . - Cost of goods sold is 40%6 of sales. Accounts payable is used only for merchandise inventory acquisitions. - Cheyenne purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. - Selling and administrative expenses are budgeted at $30.000 for May and are expected to increase 5% per month. These expenses are paid during the month when incurred. In addition, depreciation is badgeted at $10,000 per month. - Income taxes are $38,000 for July and are paidin the month incurred. Compute the amount of budzeted cash disbursements for July