Kate Spade plans to purchase $313,000 of direct material in June, $371,000 in July, and $420,000 in August. Kate Spade typically pays Seventy percent of its direct material purchases in the month of purchase and the remaining 30% in the following month. How much cash Kate Spade is budgeted to pay for July? Multiple Choice $386,600 $260,600 $127,600 $386,600 $260,600 $127,600 $353.600