Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three month Material purchases January $12,520 February $ 14,630 March $ 11,450 Payments for purchases are expected to be made 50% in the month of purchase and so in the month following purchase The December Accounts Payable balance is 600 The expected aruary 1 Accounts Payable balance is Multiple Choice O 56.800 O O $22520 O O $6.200 C