Grippers pays for inventory as follows: 60% in the month of purchase and the remaining 40% in the following month. HINT: you may need the information from December sales for this question.

December sales: $398250

January sales: $560075

February sales: $728618.75

Complete the Budgeted Cash Payment for Purchases schedule and determine total payment for purchases for January and February.

Required:

Total payments for purchases for January are $

________

Total payment for purchases for February are $

________