8. The management accountant estimated that at the end of this year Walilato Ltd will have trade payables of N$547 800 outstanding. This signifles 55 days of purchases based on a 365-day year. All purchases are on account and are spread evenly each year. The accountant of Walilato Ltd is preparing the budget for next year and estimates that annual purchases will increase by 15%. The trade payable days are expected to change from 55 days to 50 days due to several suppliers offering early settlement discounts. Required 5 Calculate the budgeted trade payables outstanding at the end of next year