Mini-Exercise 14-6 (Static) Cash disbursements analysis LO 7 ABC Company's raw materials purchases for June July, and August are budgeted at $35,000, $25,000, and $50,000, respectively Based on past experience, ABC expects that 60% of a month's raw material purchases will be paid in the month of purchase and 40% in the month following the purchase Required: Prepare an analysis of cash disbursements from raw materials purchases for ABC Company for August June July August Budgeted raw material purchases August cash payments Current month's purchases Prior month's purchases Total cash payments Drau Nort