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The Purchases Budget for Popular Paper Products shows the following values for planned purchases for the year ended December 31, 20X1: Q1 - $53,200 Q2

The Purchases Budget for Popular Paper Products shows the following values for planned purchases for the year ended December 31, 20X1: Q1 - $53,200 Q2 - $15,700 Q3 - $27,000 Q4 - $23,100 The relevant Accounts Payable balance at the beginning of Q1 is $40,000. For budgeting purposes, Popular Paper Products expects to pay for 40% of purchase cost in the quarter of purchase, and 60% in the quarter following the purchase. Given this information, what is the expected cash disbursement for purchases for ?

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