In a given quarter, a company buys inventories from suppliers in an amount equal to 40% of the following quarter's forecasted sales. Sales of the first quarter are projected to be $48,850. The company has a payables period of 120 days. Sales of the second quarter are projected to increase at 35.60% from the first, while sales of the third quarter are projected to increase at 15.80% from the second. Assuming a quarter of 90 days, what is total cash payment made in the third quarter for inventory purchases? $29,287 $30,019 $30.752 $31,484 $32,216