June sales were $27,000, while projected sales for July and August were $54,000 and $87,000, respectively. Sales are 80% cash and 20% credit. All credit sales are collected in the month following the sale. Calculate expected collections for July. Select one: 0 A. $54,000 B. $43,200 O C. $48,600 O D. $41,400 E. None of the above Purchases of direct material for May were $105,000, while expected purchases for June and July are $150,000 and $134.000, respectively. All purchases are paid 75% in the month of purchase and 25% the following month. Calculate the budgeted payments for the month of June. Select one: A. $176,250 O B. $150,000 O C. $116,250 D. $138,750 E. None of the above