8. Raw material credit purchases (1.e., on account) are paid as follows: 50% in the month of the purchase, 30% the month after the purchase, and 20% in the second month following the purchase. The raw materials' purchases budget is as follows: PROJECTED Oct Nov Dec TOTAL QTR RAW MATERIAL PURCHASES NEEDED FOR SALES $166,950 $233,730 $267,120 S667,800 1 DESIRED ENDING 41,738 58,433 66,780 LESS: BEGINNING (204,000) (41,738) (58.433) PURCHASES S4,685 S250,425 $275,468 $530,550 DESIRED ENDING 41.738 58,433 66,780 LESS: BEGINNING (204,000) (41,738) (58,433) PURCHASES S4.688 $230,425 $275,468 $530,580 a. Property taxes, due November 27, 82,790 b. Employee payroll taxes due December 154, S4,500, d. Prepare a schedule of payments for raw materials purchased on credit (on account) for each month of the 4 quarter. Relevant prior months purchases on credit (on account): August purchases on credit (on account). S291,400 September purchases on credit (on account). $265,540