Trescot, Inc. provided the following information: Projected sales Projected merchandise purchases June $120,000 $76,000 July $110,000 $65,000 August $130,000 $70,000 Trescot estimates that it will collect 40% of its sales in the month of sale, 35% in the month after the sale, and 23% in the second month following the sale. Two percent of all sales are estimated to be bad debts. The cash balance on June 1 is $6,000. Trescot pays 30% of merchandise purchases in the month purchased and 70% in the following month. Calculate Trescot's budgeted cash disbursements for August. Budgeted cash disbursements for August September $100,000 General operating expenses are budgeted to be $20,000 per month of which depreciation is $2,000 of this amount. Trescot pays operating expenses in the month incurred. LA $58,000 Trescot make loan payments of $3,000 per month of which $400 is interest and the remainder is principal.