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Crane Merchandising Company expects to purchase $59000 of materials in July and $78000 of materials in August. Three-quarters of all purchases are paid for in

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Crane Merchandising Company expects to purchase $59000 of materials in July and $78000 of materials in August. Three-quarters of all purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. In addition, a 3% discount is received for payments made in the month of purchase. How much will cash disbursements for materials purchases be in August? O $57230 O $75660 O $71495 $59000

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