Cooper Company buys candy on account to use in making cookies. In 2020, purchases of candy are projected to be $30,000 in Q1 and $40,000 in Q2. Cooper Company pays for 75% of their purchases in the quarter of the purchase and 25% in the following quarter. On December 31, 2019, the Accounts Payable balance was $8,750. What are cash disbursements for Q1? O A. $22,500 B. $37,500 O C. $31,250 O D. $16,250