Question: Please show all work: Purchases in May were $60,000, while expected purchases for June and July are $75,000 and $92,000, respectively. All purchases are paid

Please show all work:

Purchases in May were $60,000, while expected purchases for June and July are $75,000 and $92,000, respectively. All purchases are paid 35% in the month of purchase and 65% in the following month. At what amount are June payments for purchases budgeted?

A. $97,450

B. $69,750

C. $86,050

D. $65,250

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