Genius Professor Mullen Company has the following budgeted sales: January $80,000, February $120,000, and March $100,000. 40% of (he sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts (CRJ)during March are: $112,000. $106,000. $105,000. $100,000. Lao Shoo Mouse Company expects to purchase $90,000 of materials in July and $105,000 of materials in August. Three-quarters (75%) of all purchases are paid for in the month of purchase, and the other one-fourth (25%) are paid for in the month following the month of purchase. How much will August's cash disbursements (CDJ) for materials purchases be? $67, 500 $78, 750 $101, 250 $105,000