Bonow Corporation is estimating the following purchases in the fourth quarter of 2020: October purchases =$100,000 November purchases =$75,000 December purchases =$50,000 The company estimates that it will pay 60% of the purchases in the month after purchase and the remaining 40% in the second month after purchase. What are the estimated cash payments for the month of December? $85,000 None of the answers are correct. 345,000 $90.000 $65.000