The following data have been taken from the budget reports of Brandon company, a merchandising company. Purchases . Sales January $160,000 $100,000 February $160,000 $200,000 March $160,000 $240,000 April $140,000 $300,000 May $140,000 $260,000 June $120,000 $240,000 Forty percent of purchases are paid for in cash at the time of purchase, and 30% are paid for in each of the next two months. Purchases for the previous November and December were $150,000 per month. Employee wages are 10% of sales for the month in which the sales occur. Selling and administrative expenses are 20% of the following month's sales. (July sales are budgeted to be $220,000.) Interest payments of $20,000 are paid quarterly in January and April. Brandon's cash disbursements for the month of April would be: $200,000 $140,000 $254,000 $248,000