Question 1 2.5 pts Pet Food Company budgets payroll at $3,900 per month plus a percentage of monthly sales. The lune operating expenses budget Includes total payroll of $12.900 with budgeted sales of $150,000. Sales for July are budgeted at $110,000 while purchases of inventory for July are budgeted at $990,000. Depreciation and insurance for July are estimated at $1.500 and $200, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 5% of purchases for the month. The purchase of $2,700 in equipment and $1,600 in furniture is expected in July If the percentage of monthly sales used in budgeting payroll increases 25%, what would the total payroll budgeted for July be? 58.250 56.600 $10,500 512.150 hu