Question 11 12.5 pts Budgeted merchandise purchases and budgeted expenses for the third quarter of ABC Company are given below: August September Merchandise purchases $ 181,542 $ 225,122 $ 206,560 Salaries and wages $ 30,000 $ 32,000 $ 32,000 Advertising $ 78,896 $ 67,072 81,619 Rent payments 6,000 $ 6,000 $ 6,000 Depreciation $ 5,000 $ 5,000 $ 5,000 Merchandise purchases are paid in full during the month following purchase. Accounts payable for merchandise purchases on June 30, which will be paid during July total $133,066. Salaries, Advertising and Rent Payment expenses are all paid in cash. Depreciation expense is shown on the income statement each month. Equipment costing $10,390 will be purchased for cash during August. Calculate total cash payments budgeted for August