ABC is planning to produce 1000 units of Product A in January. 2022. Each unit of A requires 2 kilograms of direct materials at a cost of $4 per kilogram. ABC plans to buy on account (on credit) 5,000 kilograms of direct materials in January 2022 at $4 per kilogram. ABC pays for their credit purchases as follows: 10% in the month of purchase and 90% in the month following the purchase. The accounts payable balance, which is all related to purchases of direct materials, at December 31, 2021 is $5,000. The cash amount that will be paid in January for direct materials purchases is expected to be: Select one: O $2,000 O $6,600 O $23,000 O $7,000