Distribution Corporation pays out 50% of a month's purchases in the month of purchase, 30% in the month following the purchase, and 20% in the second month following purchase. Budgeted purchases for the upcoming four months are: April purchases: $230,000 May purchases: $170,000 June purchases: $120,000 July purchases: $150,000 The amount of cash that is budgeted to be paid out in July is: 2 O None of the answers are correct. O $136,000 O $150,000 O $157,000