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, July, and August are $16,000,$19,000 and $22,000, respectively. How much should the company budget for August cash payments to account for inventory purchases? A. $18,250 B. $6,550 C. $19,750 D. $2,850