Pina Colada Company budgeted the following information for 2022 : - Cost of goods soid is 40% of sales. Accounts payable is used only for merchandise inventory acquisitionis. - Pina Colada purchases and pays for merchandise 60% in the month of acquisition and 40% in the followingmonth. - Selling and administrative expenses are budgeted at $30.000 for May and are expected to increase 5% per month. These expenses are paid during the month when incurred. In addition, depreciation is budgeted at $10,000 per month. - Income taxes are $38.600 for July and are paid in the month incurred. Compute the amount of budgeted cash disbursements for July