The Snow Globe Emporium sells snow globes. The forecasted first quarter sales volume for the Emporium is shown in the top row of the table. The Emporium buys the snow globes from a distributor for$5 and sells them for$8. All purchases are made on credit one month in advance of sales and are paid for the month following the purchase. What are the Snow GlobeEmporium's payments inMarch?

Sales and Purchase Forecast

The Snow Globe Emporium

January

February

March

April

Sales Forecast(units)

2,000

3,000

3,800

4,700

Purchases from Suppliers($)

Payments to Suppliers

Beginning Accounts Payable

$15,000

Ending Accounts Payable

$15