Warshaw Company budgets payroll at $4,000 per month plus a percentage of monthly sales. The June operating expenses budget includes total payroll of $11,800 with budgeted sales of $130,000. Sales for July are budgeted at $160,000 while purchases of inventory for July are budgeted at $200,000.00. Depreciation and insurance for July are estimated at $500 and $200, respectively. Office and administrative expenses related to purchasing inventory are budgeted at 5% of purchases for the month. The purchase of $3,000 in equipment and $1,800 in furniture is expected in July The total operating expenses budgeted for July are O A. $24,300 O B. $13,600 OC. $12,500 OD. $23,600