It is November 1 of Year 1 . Sales for a decorative supplies company for November, December. and January (of Year 2} are forecasted to be as follows: a November: $200,000 a December: $800,000 . January: $200,000 On average, the cost of goods sold is 70% of sales. During this period, the company expects inventory levels to remain constant. This means that inventory purchases are expected to equal the amount of cost of goods sold. 100% of purchases are on credit. of the credit purchases. 5% are paid during the month of the purchase. 65% in the month following the purchase, and 30% in the second month following the purchase. Sales for September and October onear 1 were $100,000 and $150,000, respectively. What is the forecasted amount of total cash payments for purchases in January