Question: Peabody Company prepared the following purchases budget month. June, budgeted purchases $34,400. July, $42,300. August, $40,000. September, $44,600. October, $48,300. All purchases are paid for as follows. 60% in the month of purchase. 35% in the following month. 5% two months after purchase. What are the total cash disbursements in August to account for the purchase of merchandise at Peabody Company? A, 70,020. B, 24,000. C, 46,590. D, 40,525.