QUESTION 25 Reference: 09-03 Information on the actual sales and inventory purchases of the Law Company for the first quarter follow: Inventory Sales Purchases January $120,000 $60,000 February 100,000 178,000 March 130,000 90,000 Collections from Law Company's customers are normally 60% in the month of sale, 30% in the month following sale, and in the second month following sale. The balance is uncollectible. Law Company takes full advantage of the 3% discount allowed on purchases paid for by the end of the following month. The company expects sales in April of $150,000 and inventory purchases of $100,000. Operating expenses for the month of April are expected to be $38,000, of which $15,000 is salaries and 58,000 is depreciation. The remaining operating expenses are variable with respect to the amount of sales in dollars. Those operating expenses requiring a cash outlay are paid for during the month incurred Law Company's cash balance on March 1 was 543,000, and on April 1 was $35,000. What would be the expected cash disbursements during April for Inventory purchases? $100,000 $97,000 $90,000 $87,300