Purchases of direct material for May were $103,000.00, while expected purchases for June and July are $118,000.00 and $135,000.00, respectively. All purchases are paid 75% in the month of purchase and 25% the following month. Calculate the budgeted payments for the month of June. O A $106,750.00 O B. $118,000.00 O c. $29,500.00 OD. $114,250.00