Plack company budgeted the following information for 2013: may june julybudgeted purchases $104,000 $110,000 $102,000• cost of goods sold is 40% of sales. accounts payable is used only for inventory acquisitions.• plack purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month.• selling and administrative expenses are budgeted at $30,000 for may and are expected to increase 5% per month. they are paid during the month of acquisition. in addition, budgeted depreciation is $10,000 per month.• income taxes are $38,400 for july and are paid in the month incurred. compute the amount of budgeted cash disbursements for july. cash disbursementscompute the amount of budgeted cash disbursements for july.*why do/don't we include the $10,000 from the budeted depreciation ?