Purchases for May were $60,000. Expected purchases for June and July are $80,000 and $92,000, respectively. All purchases are paid 55% in the month of purchase and 45% the following month (one month after purchase). What is the total budgeted cash disbursements for raw materials in June? Multiple Choice O $69,000 $71000 0 $86,600 0 0 $80,000