A Company's purchases budget shows the following purchases for the coming three months: January $12,040 February $14,150 March $10,970 Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is $6,500. The budgeted cash payments for purchases in February are: $6,200. $13,095. $12,520. $6,500.