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The following information pertains to the January operating budget for Casey Corporation. Budgeted sales for January: $202000; February: $101000 Collections for sales are 60% in

The following information pertains to the January operating budget for Casey Corporation.

Budgeted sales for January: $202000; February: $101000

Collections for sales are 60% in the month of sale and 40% the next month.

Gross margin is 25% of sales. Administrative costs are $14000 each month.

Beginning accounts receivable is $23000. Beginning inventory is $14000.

Beginning accounts payable is $73000. (All from inventory purchases.)

Purchases are paid in full the following month.

Desired ending inventory is 25% of next month's cost of goods sold (COGS).

For January, budgeted cash payments for purchases are ________.

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