Required information TES- 415 Inc. is a retailer. its accountants are preparing the company's 2 nd quarter master budget. The company has the following balance shect as of March 31. TES.415 accountants have made the following estimotes: 1. Sales for Aprit, May, June, and July will be $250,000,$270,000,$260,000, and $280,000, respectively. 2 All soles are on credit. Each month's credit sales are collected 35% in the month of sole and 65% in the month following the sale. All of the accounts receivable ot March 31 will be collected in April. 3. Each month's ending inventory must equal 30% of next month's cost of goods sold. The cost of goods sold is 75% of sales. The company pays for. 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase, All of the accounts TES 415 accountants have made the following estimates: 1. Sales for April, May, June. and July will be $250,000,$270,000,$260,000, and $280,000, respectively. 2. All sales are on cred4. Each month's credit sales are collected 35% in the month of sale and 65% in the month following the sale. All of the accounts recelvable at March 31 will be collected in April. 3. Eoch month's ending ifventory must equal 30% of next month's cost of goods sold. The cost of goods sold is 75% of sale . The company pays for 40% of its merchandise purchases in the month of the purchase and the reanaining 60% in the month following the purchase. All of the accounts payable at March 31 are related to previous merchandise purchases and wi be paid in April. 4. Monthly selling and administratwe expenses are always $46,000. Each month $5,000 of this total amount is depreciation expense and the remaining $41,000 is spent for expenses that are paid in the month they are incurred. 5. The company will not borrow money or pay or declare dividends during the 2nd quarter. The company will not issue any common stock or repurchase its own stock during the 2nd quartec How much is the company's expected cash disbursement for merchandise in the month of April? Required lnformation Multiple Croice $115.200 $151,600 $76,800 575.000