Gifts For All has projected sales for next year of:

	Q1			Q2			Q3			Q4
Sales	$	26,000		$	28,200		$	34,900		$	42,500

Purchases are equal to 60 percent of next quarter's sales. Each month has 30 days, the accounts receivable period is 37 days, and the accounts payable period is 40 days. How much will the company pay suppliers in the third quarter?

$22,967

$23,473

$20,640

$23,625

$19,153