Lough Company prepared the following purchases budget: Month Budgeted Purchases June $41,000 July $48,000 August $38,600 September $50,000 October $48,900 All purchases are paid for as follows: 10% two months after purchase, 60% in the following month, and 30% in the month of purchase. What are the total cash disbursements in August to account for the purchase of merchandise at Lough Company? O A. $44,480 OB. $44,960 OC. $48,530 D. $11,580