Torres Co$.$ forecasts merchandise purchases of $$16,800$ in January, $$18,600$ in February, and $$22,200$ in March; $60\%$ of purchases are paid in the month of purchase and $40\%$ are paid in the following month. At December $31$ of the prior year, the balance of Accounts Payable $($for December purchases$)$ is $$24,000.$ TORRES CO$.$

Cash Payments for Merchandise $($Budgeted$)$

For January, February, and March

January February March

Cash payments for December $31$ Accounts Payable

Cash payments for January purchases

Cash payments for February purchases

Cash payments for March purchases

Budgeted cash payments for purchases