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Gifts For All has projected sales for next year of: Q1 Q2 Q3 Q4 Sales $ 27,000 $ 29,200 $ 36,400 $ 43,500 Purchases are

Gifts For All has projected sales for next year of:

	Q1		Q2		Q3		Q4
Sales	$	27,000	$	29,200	$	36,400	$	43,500

Purchases are equal to 55 percent of next quarter's sales. Each month has 30 days, the accounts receivable period is 32 days, and the accounts payable period is 35 days. How much will the company pay suppliers in the third quarter?

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