The Soggy Pirate specializes in providing a variety of fresh seafood to restaurants. They receive daily shipments of different types of fish products delivered from the Atlantic and Pacific oceans. Recently the manager was reviewing actual year end data and budgeted data regarding the purchases and payments for the many seafood purchases and is trying to determine how much cash he will have to pay for purchases of seafood. You have been provided the following information. Using this information below prepare a schedule of cash disbursements for purchases and answer the questions presented.
Accounts payable for seafood purchases on the December 31st balance sheet									26,575
Purchases of seafood during the month of January									42,385
Purchases of seafood during the month of February									37,950
Purchases paid for in the month of purchase									65%
Purchases paid for in the month following purchase									35%
A.	How much cash will be paid in January?
B.	How much cash will be paid in February?
C.	What will the accounts payable be at the end of February?
Show your work below: