Chocolate Co. reports the following information from its budget: Expected sales are: July $100,000; August $120,000; and September $150,000. Because its product is perishable Chocolate Co. carries very lit Raw materials which are purchased and used immediately account for 20% of sales price. Chocolate Co. pays for 70% of it purchases in the month of the purchase and the remaining 3096 in the following month. What is the total budgeted payment to raw materials suppliers in August