Pet Food Company budgets payroll at $3,900 per month plus a percentage of monthly sales. The June operating expenses budget includes total payroll of $12,900 with budgeted sales of $150,000. Sales for July are budgeted at $110,000 while purchases of inventory for July are budgeted at $990,000. Depreciation and insurance for July are estimated at $1,500 and $200, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 5% of purchases for the month. The purchase of $2,700 in equipment and $1,600 in furniture is expected in July. If the percentage of monthly sales used in budgeting payroll increases 25%, what would the total payroll budgeted for July be? $10.500 I $8,250 $6,600 $12.150