Bargain Furniture Co. had the following purchases on account: January $980,000 February $760,000 March $550,000 50%...

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Bargain Furniture Co. had the following purchases on account: January $980,000 February $760,000 March $550,000 50% of the month's purchases are paid in the month of purchase. 30% is paid in the month following purchase. The remainder is paid 2 months following purchase. How much will the cash payments for purchases be in March? Bargain Furniture Co. had the following purchases on account: January $980,000 February $760,000 March $550,000 50% of the month's purchases are paid in the month of purchase. 30% is paid in the month following purchase. The remainder is paid 2 months following purchase. How much will the cash payments for purchases be in March?