Metro, Inc. sells backpacks. The Company's accountant is preparing the purchases budget for the first quarter operations. Metro maintains ending inventory at 15% of the following month's expected cost of goods sold. Expected cost of goods sold for April is $72,000. All purchases are made on account with 30% of accounts paid in the month of purchase and the remaining 70% paid in the month following the month of purchase

. Sales January February March

Budgeted cost of goods sold $ 41,000 $ 52,000 $ 61,000

Plus: Desired ending inventory 7,800 Inventory needed 48,800

Less: Beginning inventory (8,200 ) Required purchases $ 40,600

Based on this information the total cash paid in March to settle accounts payable is