It is November 1 of Year 1. Sales for Burt Company for November and December of Year 1 and January of Year 2 are forecasted to be as follows:

November, 300,000; December 700,000; January, 200,000

On average, cost of goods sold is 60% of sales. During this period, Burt Company expects inventory levels to remain constant. This means that inventory purchases are expected to equal the amount of cost of goods sold.

90% of purchases are on credit. Of the credit purchases, 5% are paid during the month of the purchase, 35% in the month following the purchase, and 60% in the second month following the purchase. Sales for September and October of Year 1 were 100,000 and 150,000, respectively.

What is the forecasted amount of total cash payments for purchases in January of Year 2? (Note: This is the sum of immediate payments from cash purchases, same-month cash payments of credit purchases, and cash payments for credit purchases made in prior months.)