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 $ 12,400 $ 14,510 $ 11,330 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 $6,600. The budgeted cash payments for materials in January are O $13,455 $12,800 $19,000 $6,600. $9,500