Required information The follow information applies to the queste duped below) Hamby Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company's talerce sheet as of June 30th is shown below. Harby Corporation Balance Sheet June 38 Assets Cash S 84.ee Accounts receivable 144, ege Inventory 63,750 Plant and equipnant, net of 223, BOB depreciation Total assets 5514,750 Liabilities and Stockholders' Equity Accounts payabla S 84,80 Conton stock 349,90 Retained earnings 81,750 Total Liabilities and $514,750 stockholders' equity The company managers have made the folowing additional assumptions and cimates. 1. Estimated salcs for July August, September, and October wil bc $340,000, $360,000 $350,000, and $370,000, respectively 2. Alles are on creat and all crecitales are collected Each month's credit sales are collected 34 n the month of sale and 65% in the month folowing the sale. Al of the accounts receivable at June 30 will be collected in July. 3. Each month's ending inventory must ecual 25% of the cost of next month's seles. The cost of goods sold is 76% of sales. The company peys for 40% of its mettercise purchases in the month of the purchase and the remaining in the month following the purchase. All of the accounts payable at June 30 will be said in July 4. Monthly saling med administrative per sway $44,000. Exch month $6000 of this total amount is depreciation perihard the remaining 538 000 relates to Deatre paid in the math they are incurred 5. The company does not plan ta herraw money or pay or declare dividends during the quarter anded September 20. The comany does not plan to issue any common stock or repurchase its crant stock during the quarter ended September 30 How much in the Camry' pled merchandise purch in the month of Septem? Multiple Choice S266, 250 5331,975 S268,126 OS258.750