Bames Company purchases raw matends on account each month. Purchases are paid for according to the following schedule: 80% is paid in the month of the purchase 40% is paid in the month following the purchase 10% is paid in the second month following the purchase. Budgeted purchases are as follows: March $75.000. April $90.000May $85.000 How much will be reported for Accounts Payable for material purchases as of the end of May