CTG 2120-005 Spring 2020 ul. P inance c Soved Help Save Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: Material purchases January $ 12,580 February $ 14,690 March $ 11,510 Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accounts balance is $6,900. The expected January 31 Accounts Payable balance is: ble Multiple Choice O $6,290 39.740 o oo $7,345 Help Multiple Choice o $6,290. o $9740 o $7,345. o $6.900. o 12