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Farley Company reported the following information for 2008: November December October Budgeted purchases $128,000 $144,000 $120,000 Operating expenses are: Salaries, $50,000; Depreciation, $20,000; Rent, $10,000;

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Farley Company reported the following information for 2008: November December October Budgeted purchases $128,000 $144,000 $120,000 Operating expenses are: Salaries, $50,000; Depreciation, $20,000; Rent, $10,000; Utilities, $14,000 Operating expenses are paid during the month incurred. Accounts payable is used only for inventory acquisitions. How much is the budgeted amount of cash to be paid for operating expenses in November

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