Funnel Manufacturing Company has provided the follwoing information:

Month	Budgeted Sales
January	$ 76,000
February	85,000
March	92,000
April	79,000

Budgeted Selling and Administrative Expenses Per Month are as follows:

Wages, $15,000

Advertising, $12,000

Depreciation, $3,000

Other, 4 percent of Sales

Cost of Goods Sold is 60% of Sales. All inventory is purchased in the month it is sold. Inventory purchases are paid 2/3 in the month of purchase, the remaining 1/3 paid in the following month. How much cash will be paid for purchases during the month of February?

	a.	$96,600
	b.	$49,200
	c.	$51,000
	d.	$45,600