38) Mark Company has the following information:

Month January February March April May

Budgeted Purchases $40,000 29,000 30,520 29,480 27,680

Purchases are paid as follows: 10% in the month of purchase 50% one month after purchase 40% two months after purchase

What is the estimated cash disbursement in March from January purchases? A) $3,052

B) $12,000

C) $14,500

D) $16,000