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Assume a merchandising company's estimated sales for January, February, and March are $109,000, $129,000, and $119,000, respectively. Its cost of goods sold is always 60% of its sales. The company always maintains onding merchandise inventory equal to 20% of next month's cost of goods sold. It pays for 20% of its merchandise purchases in the month of the purchase and the remaining 80% in the subsequent month. What are the cash disbursements for merchandise purchases that would appear in the company's cash budget for February? Multiple Choice $71.480 o $66.480 572480 $69,480