Sheridan Company has the following budgeted sales: January $130000. February $260000, and March $150000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total. expected cash receipts for March are: $150000. $164000 $183000. $245000. Waterway industries expects to purchase $180000 of materials in July and $314000 of materials in August. Three fourths of al purchases are paid for in the month of purchase, and the other one-fourth are paid for in the month following the month of purchase. What are budgeted cash dibursements for materials purchases in August? $280500$235500$135000$314000 Current Attempt in Progress The following information was taken from Bramble Corpis cash budget for the month of July: If the company's policy is to maintain a minimum end of the month cash balance of $450000, the amount the company would have to borrow in July is $40000$285000$165000$101000