Vernon Company, which sells electric razors, had $$370,000$ of cost of goods sold during the month of June. The company projects a $9$ percent increase in cost of goods sold during July. The inventory balance as of June $30$ is $$36,000,$ and the desired ending inventory balance for July is $$37,000.$ Vernon pays cash to settle $70$ percent of its purchases on account during the month of purchase and pays the remaining $30$ percent in the month following the purchase. The accounts payable balance as of June $30$ was $$32,000.$

Required

a$.$ Determine the amount of purchases budgeted for July.

b$.$ Determine the amount of cash payments budgeted for inventory purchases in July.

$\backslash$table$[[$a$.$ Budgeted purchases$],[$b$.$ Cash payments$]]$