Metro, Inc. sells backpacks. The Company's accountant is preparing the purchases budget for the first quarter operations. Metro maintains ending inventory at 20% of the following month's expected cost of goods sold. Expected cost of goods sold for April is $70,000. All purchases are made on account with 25% of accounts paid in the month of purchase and the remaining 75% paid in the month following the month of purchase Sales Budgeted cost of goods sold January February March $40,000 $50,000 $60,000 Plus: Desired ending inventory Inventory needed 10,000 50,000 Less: Beginning inventory (8,000) Required purchases $42,000 Based on this information the total cash paid in March to settle accounts payable is