Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months:

JanuaryFebruaryMarchMaterial purchases$ 13,00015,11011,930

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 $7,600. The budgeted cash payments for materials in January are:

• $7,600.
• $20,600.
• $14,055.
• $14,100.
• $10,300.