Post-Lecture Question 04 Crane Design provided the following budgeted information for April through July: April May June July Projected sales $103700 $123000 $114900 $131500 Projected merchandise purchases $82000 $92300 $77800 $65900 The cash balance on June 1 is $11900. The company pays 30% of merchandise purchases in the month purchased and 70% in the following month General operating expenses are budgeted to be $31400 per month of which depreciation is $3100 of this amount Management pays operating expenses in the month incurred. The company makes loan payments of $3700 per month of which $630 is interest and the remainder is principal How much are budgeted cash disbursements for June? $91680. $126780. $119950. $87950