Mark Company Has the Following Information Purchases Are Paid as Follows:
10% in the Month of

Multiple Choice

Mark Company has the following information:
$\begin{array}{ll}\text { Month }&\text { Budgeted Purchases }\\\text { January } & \$ 40,000 \\\text { February } & 29,000 \\\text { March } & 30,520 \\\text { April } & 29,480 \\\text { May } & 27,680\end{array}$
Purchases are paid as follows:
10% in the month of purchase
50% one month after purchase
40% two months after purchase
What is the estimated cash disbursement in March from January purchases?

A) $3,052
B) $12,000
C) $14,500
D) $16,000