Evergreen Furniture, a retailing company, is preparing the cash budget for August. The following inventory information is available:

Estimated payments in August for purchases in August

Estimated purchases for August

Estimated cost of goods sold for August

Estimated payments in August for purchases in July

Estimated payments in August for purchases prior to July

Inventories at beginning of August

$70\%$

$$2,428,000$

$2,560,000$

$672,000$

$160,000$

$658,000$

Required:

What are the estimated cash disbursements in August?

Estimated cash disbursements