Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months January February March Material purchases 12. Sep 14,690 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 Payable balance is $6.900. The budgeted cash payments for materials in January are: O O $9,740 O $13,190 O O $19,480