Distribution Corporation pays out 15% of a month's purchases in the month of purchase, 60% in the month following the purchase, and 25% in the second month following purchase. Budgeted purchases for the upcoming four months are: April purchases: $120,000 May purchases: $150,000 June purchases: $230,000 July purchases: $170,000 The amount of cash that is budgeted to be paid out in July is: $203,000 $193.500 $163.500 None of the answers are correct. $184,000 $175.500