Whitney Corporation Whitney Corporation, a reseller of women's fashions, has budgeted its activity for March. The budget information is presented below:

I.	Sales are $550,000. All sales are cash.
II.	Merchandise inventory on February 28 is $300,000
III.	Budgeted depreciation for March is $35,000.
IV.	Cash in bank on March 1 is $25,000.
V.	Selling and administrative expenses are budgeted at $60,000 for March and are paid in cash.
VI.	The planned merchandise inventory on March 31 is $270,000.
VII.	The invoice cost for merchandise purchases represents 75% of sales price. All purchases are paid for in cash.

Refer to Whitney Corporation. The budgeted cash disbursements for March are: