Warshaw Company budgets payroll at $3100 per month plus a percentage of monthly sales. The June operating expenses budget includes total payroll of $13,100 with budgeted sales of $200,000. Sales for July are budgeted at $190,000 while purchases of inventory for July are budgeted at $182,000.00. Depreciation and insurance for July are estimated at $600 and $200, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 5% of purchases for the month. The purchase of $2300 in equipment and $1600 in furniture is expected in July. The total operating expenses budgeted for July are $22,500$13,900$21,700$12,600