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Silver Corporation has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit $76 Budgeted unit sales (all on credit): January 9,500 February 9,900 March 10,600 April 12,600 Raw materials required per unit of output 3 pounds Raw materials cost $5.00 per pound Direct labor requirement per unit of output 2.2 direct labor hours Direct labor wage rate $18.00 per direct labor-hour Credit sales are collected: 40% in the month of the sale 60% in the following month Raw materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 10% of the following month's sales. The ending raw materials inventory should equal 40% of the following month's raw materials production needs. Required: 1. If 32,400 pounds of raw materials are needed for production in March, how many pounds of raw materials should be purchased in February? 2 What is the estimated cost of raw materials purchases for February? 3. If the cost of raw material purchases in January is $145,680, then in February what are the total estimated cash disbursements for raw materials purchases? 4. What is the estimated accounts payable balance at the end of February