Hammond's Cookie Toppings makes payments on its inventory purchases as follows: 30% in the month of purchase, 65% in the following month, and 5% in the second month following purchase Budgeted inventory purchases for June, Jily, and August are $16,000,$19,000 end $22,000, respectively How much should the company budget for August cash payments to account for invontory purchases? A. $19,750 B. 56,550 C. $18,250 D. $2,850