Question 12 Not yet answered Marked out of 9.00 Tyler Sheen is the owner of PKM Incorporated. He provided the selected opening balances as at June 1, 2019 and the budgeted information for June and July 2019. Selected Opening Balances as of June 1, 2019 P Flag question Cash Accounts Receivable Inventory Long-term Assets Accounts Payable Stockholder's Equity Budgeted Amounts For the month of June: Total Revenue $108,500 83,000 385,000 502,000 57,700 593,000 $344,000 Total General and Administration Costs 239,000 Total Capital Expenditures For the month of July: Total Revenue 171,000 382,000 Total General and Administration Costs 198,000 Total Capital Expenditures 188,000 Do not enter dollar signs or commas in the input boxes. Round your answer to the nearest dollar The company's monthly depreciation represents 25% of general and administration costs. 50% percent of the general and administration costs (excluding depreciation) are paid in the month in which they are incurred, and the rest is recorded in accounts payable to be paid in the next month. Of Activ Go to https://www.ameengage Total General and Administration Costs 198,000 Total Capital Expenditures 188,000 Do not enter dollar signs or commas in the input boxes. Round your answer to the nearest dollar The company's monthly depreciation represents 25% of general and administration costs. 50% percent of the general and administration costs (excluding depreciation) are paid in the month in which they are incurred, and the rest is recorded in accounts payable to be paid in the next month. Of the $171,000 capital expenditures for June, $114,000 will be paid in July. The remaining amount will be paid in the month in which they are incurred. a) Calculate the total cash disbursement for the month of June. General Administration costs from May $ 179250 General Administration costs from June $ 89625 Capital Expenditure $ 171000 Total cash disbursement for June $ 209187.50 b) Calculate the total cash disbursement for the month of July. General Administration costs From June $ 57000 General Administration costs From July $ 188000 Capital Expenditure from June $ 439875 Capital Expenditure from July $ 188000 Total cash disbursement for July $ 539781.25