Grendel Company is preparing a cash budget for the year for purchases of Calvos. Budgeted data are as follows: Cost of goods sold for the year $600,000 Accounts payable, Jan. 1 40,000 Inventory, Jan. 1 60,000 Desired inventory, Dec. 31 84,000 Purchases will be made in 12 equal monthly amounts and paid for in the following month. Compute the budgeted cash payment for purchases of Calvos for the year.

Budgeted cash payment: ?