Swifty Design provided the following budgeted information for April through July:

	April	May	June	July
Projected sales	$103600	$122800	$114600	$132300
Projected merchandise purchases	$82100	$92400	$78300	$66000

• The cash balance on June 1 is $12200. The company pays 40% of merchandise purchases in the month purchased and 60% in the following month.
• General operating expenses are budgeted to be $31100 per month of which depreciation is $2700 of this amount. Management pays operating expenses in the month incurred.
• The company makes loan payments of $4300 per month of which $550 is interest and the remainder is principal.

How much are budgeted cash disbursements for June?

$90010.

$86760.

$119460.

$125410.