Natural Woods Has a 60 Day Accounts Payable Period

Natural Woods has a 60 day accounts payable period. The firm has expected sales of $3,200, $3,800, $4,600, and $4,800, respectively, by quarter for the next calendar year. The cost of goods sold for a quarter is equal to 60% of the next quarter sales. What is the amount of the projected cash disbursements for accounts payable for the third quarter of the next year? Assume that a year has 360 days.

A) $2,800
B) $2,880
C) $3,280
D) $3,360
E) $3,560