Torrent Co. forecasts merchandise purchases of $14,800 in January, $18,600 in February, and $20.200 in March: 25% of purchases are paid in the month of purchase and 75% are paid in the following month. At December 31 of the prior year, the balance of Accounts Payable (for December purchases) is $23,000 and will be paid in January What is the amount of expected cash payments for merchandise in the month of January (show all calculations)