akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Calculator Sports Socks has a policy of always paying within the discount period and each of its suppliers provides a discount of 2% if paid within 10 days of purchase. Because of the purchase policy, 85% of its payments are made in the month of purchase and 15% are made the following month. The direct materials budget provides for purchases of $130,000 in November, $296,000 in December, $246,000 in January, and $228,000 in February. What is the balance in accounts payable for January 31, and February 28? Ending Balance January 36,900 X February 34,200 X Check tay Work The ending balance is a function of the beginning balance plus purchases (less discounts) less payments made. Use a t-account to determine the proper beginning balance using the three amounts mentioned above, Next Check My Work Emall Instructor Save and Exit Subient Assignment for Grading 7:14 PM 1102020