Exercise 10-11 The Pukalani Antique Mall expects to make purchases in the first quarter of 2018 as follows: January February March $90,600 103,000 85,000 Purchases in December 2017 are expected to be $94,000. The company expects that 50 percent of a month's purchases will be paid in the month of purchase and 50 percent will be paid in the following month. Estimate cash disbursements related to purchases for each month of the first quarter of 2018. Cash disbursements for purchases January February March Payment of December purchases $ Payment of January purchases Payment of February purchases Payment of March purchases $