Weasleys Wizard Wheezes produces and sells an assortment of practical joke items, had the following results for May. The budgets for June and July are also given. May (actual_ June (budget) July (budget) Sales $42,000 $40,000 $45,000 Cost of Sales 21,000 20,000 22,500 Gross Margin 21,000 20,000 22,500 Operating Expenses 20,00 20,000 20,000 Operating Income $1,000 $0 $2,500 Sales are collected 80% in the month of the sale and the balance in the month following the sale. (There are no bad debts.) The goods that are sold are purchased in the month prior to sale. Suppliers of the goods are paid in the month following the purchase. The operating expenses are paid in the month of the sale. q: What should be the cash disbursements during the month of June for goods purchased for resale and for operating expenses for Weasley's? Hint: Cost of Sales = Purchases Question 16 options: $40,000 $41,000 $42,500 $43,500