ABC buys insurance for its fleet of delivery trucks. The cost is $18,000 per year and is paid in two instalments, on January 1 and July 1 of each year. The amount of cash disbursement that will appear on the February cash budget is: $1,500 $0 $9,000 $18,000 January February Inventory purchases budget in 12,000 15,000 units Each unit costs $10 and all purchases are made on credit. ABC pays 20% in the month of purchase and 80% in the month following the purchase. December inventory purchases totalled $70,000. How much cash will be disbursed for inventory purchases in January ? Select one: none of these $130,000 $80,000 $68,000 $176,000