Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months January $ 12.880 February $14.990 March $ 11 810 Material purchases 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 $7400 The expected January 31 Accounts Payable balance is $7.495. $6,440 $12.880 O 57,400