Question 3 of 11 < . July August Projected sales $218,000 $260,000 Projected merchandise purchases $140,000 $182,000 -18 Grouper estimates that it will collect 40% of its sales in the month of sale. 35% in the month after the sale, and 22% in the second month following the sale. Three percent of all sales are estimated to be bad debts. Grouper pays for 20% of merchandise purchases in the month purchased and 80% in the following month. General operating expenses are budgeted to be $20,500 per month, including depreciation of $2,300. Grouper pays operating expenses in the month incurred. Grouper makes loan payments of $3.500 per month of which $400 is interest and the remainder is principal. Calculate Grouper's budgeted cash disbursements for August. Budgeted Cash Disbursements 188300