Peabody Company prepared the following purchases budget: Month June July August September October Budgeted Purchases $34,600 $41,000 $39,400 $44,200 $48,700 All purchases are paid for as follows: 30% in the month of purchase, 45% in the following month, and 25% two months after purchase. What are the total cash disbursements in October to account for the purchase of merchandise at Peabody Company? $48,700 $44,350 $38.920 14