NBR Ltd provided the following information:

Budgeted direct materials purchase

May	June	July
$70000	$60000	$80000

The company pays 60% of direct materials purchases in the month of purchase and 40% in the month following the purchase.

Operating expenses are budgeted to be 18,000 per month which includes depreciation of 2,000. The company pays operating expenses in the month incurred.

Required: Calculate NBRs budgeted cash disbursements for July. (4 marks)