On February 16, Leone Travel bought 75 bus trips on account at $60 each. Terms of the purchase were 3/10, n/30. It paid for 40 bus trips on February 25 and paid for the remaining 35 bus trips on March 15. If Leone uses the net method to account for its inventory purchases, what is its cash payment and reduction of inventory on February 25? What is the amount of accounts payable after the February 25 payment? Assume that the perpetual inventory system is used.