Purchases of direct material for May were $114.000, while expected purchases for June and July are $122,000 and $135,000, respectively. All purchases are paid 25% in the month of purchase and 75% the following month. Calculate the budgeted payments for the month of June. A. $91, 500 B. $120,000 C. $116,000 D. $122,000 Chatelain Company is preparing its for the third quarter. The cash balance on June 30 was $30,000. Additional budgeted data are provided budget here: What amount should be shown in the cash budget for the cash balance at the end of July? A. $21,000 B. $32,000 C. $83,000 D. $104,000