Warshaw Company budgets payroll at $3,700 per month plus a percentage of monthly sales. The June operating expenses budget includes total payroll of $10,900 with budgeted sales of $180,000. Sales for July are budgeted at $170,000 while purchases of inventory for July are budgeted at $61,333.33. Depreciation and insurance for July are estimated at $600 and $300, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 15% of purchases for the month. The purchase of $2,700 in equipment and $1,000 in furniture is expected in July. The total operating expenses budgeted for July are O A. $11,800 O B. $20,600 O C. $19,700 OD. $10,500