Brutus Company's budgeted income statement reects the following amounts:

	Sales	Purchases	Expense
January	$120,000	$78,000	$24,000
February	110,000	66,000	24,200
March	125,000	81,250	27,000
April	130,000	84,500	28,600

Sales are collected 50% in the month of sale, 30% in the month following sale, and 19% in the second month following sale. One percent of sales is uncollectible and expensed at the end of the year. Brutus pays for all purchases in the month following purchase and takes advantage of a 3% discount. The following balances are as of January 1:

Cash	$88,000
Accounts receivable*	58,000
Accounts payable	72,000

*Of this balance, $35,000 will be collected in January and the remaining amount will be collected in February.

The monthly expense gures include $5,000 of depreciation. The expenses are paid in the month incurred.

Brutus's budgeted cash payments in February are:

Group of answer choices

$75,660.

$102,200.

$94,860.

$99,860.

$97,200.