Question 10 The following data have been taken from the budget reports of Brandon company, a merchandising company Purchases Sales January $ 160.000 $ 100.000 February 160,000 S 200.000 March $ 160.000 $ 240.000 April $ 140,000 $ 300.000 May 140,000 S 260,000 June 120,000 $ 240,000 40% of purchases are paid for in cash at the time of purchase, and 30% are paid for in each of the next two months. Purchases for the previous November and December were $150,000 per month. Employee wages are 10% of sales for the month in which the sales occur. Selling and Admin expenses are 20% of the following month's sales. (July sales are budgeted to be $220,000.) Interest payments of $20,000 are paid quarterly in January and April. Brandon's cash disbursements for the month of April would be