The following information for the second quarter of 2020 pertains to Washburn Company: - Cash is collected from customers in the following manner: - 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. - Labor costs are 20% of sales. Other operating costs are $45,000 per month (including $12,000 of depreciation). Both of these are paid in the month incurred. - The cash balance on June 1 is $6,000. A minimum cash balance of $4,500 is required at the end of the month. Money can be borrowed in multiples of $3,000. - No loans outstanding on June 1 . How much cash will be collected from customers in June? a. $129,000 b. $141,000 c. $150,000 d. None of the above is correct Clear my choice How much cash will be paid to suppliers in June? a. $69,600 b. $56,000 c. $88,000 d. None of the above is correct Clear my choice How much cash will be disbursed for labor and operating costs in June? a. $63,000 b. $70,000 c. $88,400 d. $96,400 Clear my choice What is the ending cash balance for June? a. ($50,000) b. $6,000 c. $5,400 d. $11,400 Clear my choice