JC Floor Design makes ceramic tiles December sales were 500 000 units Selling price $2 per unit 1000KIO total sales The Marketing Department projects sales to Increase by 5in January February Sales will be 15,000 units less than January Match sales will be higher than February sales April sales will be the 5,300 units less than march The price is not expected to increase maintain an inventory equal to 25% JC inventory policy is to maintain an ending inventory esto of next months. Actual inventory is 68,000 units Clay the material to make the tiles cost $50 per pour and each le recurs pound Actual clay inventory is 60,000 pounds and the inventory policy of next month production requirement April production is expected to be 525,000 units. The cost of direct materials per chased in December was $150,000 Each tile requires 10 hours and the labor hourly rate is $8.00 per ho Variable overhead rate is 20% of labor and food overhead is 25.000 monthly Selling and astrative expenses are expected to be Administrative Salones 515.000 per month $12.000 per month Sales commissions 10% of sales 70% of sales are cash sales and the remaining are collected in the next month Material are paid 60% cash and the remaining the next month The company has the following obligations 100,000 in dividends will be paid in February A new machine will be acquired in January with a cost of 250.000 A short term loon with an outstanding balance of $150.000 is used to manage the cash position interest on the short term loan are 1% morthy Taxes of last quarter were $240,000 and will be paid in March. The company tax rate is 35% and taxes are paid in the next quarter REQUIRED Compute Total cash payments for materials in March