Question 26 45 pts Zach's Retail Store started operations on June 1. For purposes of budget preparation, assume the following Expected sales for the first four months are: June.. $10,000 July $16,000 August...--- $24,000 September....... $25,000 The company's cost of goods sold is 60% of sales. The company desires that the merchandise inventory on hand at the end of each month be equal to 50% of the next month's cost of goods sold. All purchases of merchandise inventory must be paid in the month of purchase. 60% of all sales are for cash: the balance is on credit. 75% of the credit sales are collected in the month following the month of sale, with the balance collected in the following month Variable operating expenses are 10% of sales revenue, and fixed operating expenses (all depreciation) are $3,000 per month Cash payments for the variable operating expenses are made during the month the expenses are incurred. The total cash disbursements for August would be