Wylle & Company developed the following data for the month of June: June 1 cash balance Cash sales in June $2,300 $67,000 Credit sales for June are $20,000; for May are $10,000; and for April are $16,000. 60% of credit sales are collected in the month of sale, 20% in the following month, and 10% In the second month following the sale. Purchases for May were $34,000 and for June are $40,000. Half of purchases are paid in the month of purchase and the remainder in the following month. June salaries are $28,400, utilities expenses are $1,090, and depreciation on the building is $1,000. June cash payments for purchases equaled: Oa. $37,000, Ob. $77,000. Oc $74,000. Od. $34,000 Oe. $79,000.