COVID 19 Co has forecast purchases on account to be $312,000 in March, $377,000 in April, $421,000 in May, and $499.000 in June. Sixty percent of purchases are paid for in the month of purchase, the remaining 40% are paid in the following month. What are budgeted cash payments for May? 50 an Select one: a. $384.000 b. $125,000 C. $351,000 d. $403,400