X Your answer is incorrect. Sarasota, Inc. provided the following information: July August Projected sales $234,000 $260,000 Projected merchandise purchases $144,000 $172,000 . Sarasota estimates that it will collect 40% of its sales in the month of sale, 35% in the month after the sale, and 22% in the second month following the sale. Three percent of all sales are estimated to be bad debts. Sarasota pays for 30% of merchandise purchases in the month purchased and 70% in the following month. . General operating expenses are budgeted to be $22,500 per month, including depreciation of $2,000. Sarasota pays operating expenses in the month incurred. . Sarasota makes loan payments of $3,000 per month of which $450 is interest and the remainder is principal. Calculate Sarasota's budgeted cash disbursements for August. Budgeted Cash Disbursements $ 187100