Ahmed Company purchases all merchandise on credit. It recently budgeted

the month$-$end accounts payable balances below. Cash payments on accounts

payable during each month are expected to be June, $$1,400,000$; July,

$$1,400,000$; and August, $$1,300,000.$ Hint: Use the relation $($Beginning

Accounts Payable $+$ Purchases on Credit $-$ Payments on Accounts Payable $=$

Ending Accounts Payable$)$ to solve for budgeted purchases.