how much will be the cash disbursements?

-/5 Question 1 of 50 View Policies Current Attempt in Progress Bridgeport Company budgeted the following information for 2022: May June July Budgeted purchases of merchandise $106,000 $112,000 $102,500 . Cost of goods sold is 40% of sales. Accounts payable is used only for merchandise inventory acquisitions. Bridgeport purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. Selling and administrative expenses are budgeted at $34 000 for May and are expected to increase 5% per month. These expenses are paid during the month when incurred. In addition, depreciation is budgeted at $10,000 per month Income taxes are $39.500 for July and are paid in the month incurred, Compute the amount of budgeted cash disbursements for July