O'Hare Company is in the process of preparing a purchases budget for the first quarter of 2014. The company has budgeted sales as follows:

Cost of goods sold is expected to be 75% of sales. The company would like to have ending inventory each month equal to 25% of the following month's predicted cost of sales. The total cost of purchases in January is:

$44,438.$35,719.$46,500.$59,250.