surity Corporation is preparing its cash payments budget for next month. The following information pertains to the cash payments: (Click the icon to view the data.) How much cash will be paid out next month? Surity Corporation pays for 45% of its direct materials purchases in the month of purchase and the remainder the following month. Last month's direct material purchases were $77,000, while the company anticipates $84,000 of direct material purchases next month. Direct labor for the upcoming month is budgeted to be $31,000 and will be paid at the end of the upcoming month. Manufacturing overhead is estimated to be 130% of direct labor cost each month and is paid in the month in which it is incurred. This monthly estimate includes $16,000 of depreciation on the plant and equipment. d. Monthly operating expenses for next month are expected to be $47,000, which includes $2,600 of depreciation on office equipment and $1,300 of bad debt expense. These monthly operating expenses are paid during the month in which they are incurred. e. Surity Corporation will be making an estimated tax payment of $7,800 next month