Problem #2-15 points Modern Design provided the following budgeted information for June through August: Projected merchandise purchase June $10,400 July $12,300 August $11,500 The company pays 20% of merchandise purchases in the month purchased and 80% in the following month. In addition, the company makes loan payments of $500 per month. Required: How much are budgeted cash payments for June, July and August? Copy and paste the questions below into the answer box and enter your answer. (show your calculation steps!!) Cash payments for June Cash payments for July= Cash payments for August