Warshaw Company budgets payroll at $3.600 per month plus a percentage of monthly sates. The June operating expenses budget includes total payroll of $13, 200 with budgeted sales of $160.000. Sales for July are budgeted at $180,000 while purchases of inventory for July are budgeted at $95,000. Depreciation and insurance for July are estimated at $1.000 and $600, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 10% of purchases for the month. The purchase of $2.500 in equipment and $1, 500 in furniture is expected in July. The total operating expenses budgeted for July are A. $14, 400 B. $23, 900 C. $25, 500 D. $14, 800