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Monty Company budgeted the following information for 2022 : - Cost of zoods sold is 40%5 of sales. Accounts payable is used only for merchandise inventory acquisitions. - Monty purchases and pays for merchandise 705 in the month of acquisition and 30x in the following month. - Selling and administrative expenses are budseted at 534,000 for May and are expected to increase 53 per month. These expenses are paid during the month when incurred. In addition, depreciation is budeeted at $10,000 per month. - Income taxes are 539,000 for July and are paid in the month incurred. Compute the amount of budgeted cash disbursements for July