ABC has completed the following inventory purchases budget. January Inventory purchases budget in 12,000 units Each unit costs $5. ABC purchases all inventory on account and pays 40% in the month of purchase and the remaining 60% in the month following the purchase. Accounts payable balance at December 31 = $40,000 How much cash will be disbursed for inventory purchases in January? Select one: $64,000 $24,000 none of these answers is correct $52,000 January February Inventory purchases budget in 12,000 15,000 units Each unit costs $5. ABC pays 20% in the month of purchase and 80% in the month following the purchase. Accounts payable at December 31 = $25,000 How much cash will be disbursed for inventory purchases in February ? Select one: O $27,000 $63,000 O $48,000 O $88,000