Forecast Cash Payments. January 1 actual inventory for Stock & Stem Com- pany was $5,000, and payables were $3,000. Cost of goods sold figures for Janu- ary, February, and March were $30,000, $35,000, and $40,000, respectively. The purchases policy says that ending inventory should be 20 percent of next month's cost of sales. Of purchases, 40 percent is paid in the current month and the remainder in the next month.

Required:
Find the forecast cash payments for February.