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Bonow Corporation is estimating the following purchases in the fourth quarter of 2020 : October purchases =$100.000 November purchases =$75,000 December purchases $50,000 The company estimates that it will pay 60% one month after the purchase and the remaining 40% in the second monn after purchase. What are the estimated cash payments for the month of December? $45,000 None of the answers are correct. $90,000 $85,000 $65,000