A retailer reports the following budget figures (in $): 100,000 January, cost of merchandise to be purchased 120,000 February, cost of merchandise to be purchased Purchases are paid 30% in the month of purchase and the remaining 70% during the following month. Determine total cash payments to suppliers during February.

Select one: a. 36,000 b. 70,000 c. 84,000 d. 106,000 e. 114,000 f. none of the above