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Purchases for May were $ 1 0 0 , 0 0 0 , while expected purchases for June and July are $ 1 1 0

Purchases for May were $100,000, while expected purchases for June and July are $110,000 and $125,000, respectively. All purchases are paid 25% in the month of purchase and 75% the following month. June payments for purchases are budgeted at ________.
$107,500
$110,000
$121,250
$102,500

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