Green Earth's monthly purchases are equal to 70 percent of the following month's sales. The accounts payable period for purchases is 30 days. All other expenses are paid when incurred. Assume each month has 30 days and August sales are $18,500. The company has compiled the following information.

May June July

sales $14800 $16100 $17500

other expenses 2800 3000 3300

interest and taxes 650 720 880

What is the projected amount of disbursements for the month of July?

$13,910

$14,550

$16,100

$16,430

$16,760