Boxwood Inc. has forecast purchases on account to be $312,000 in March, $377,000 in April, $421,000 in May, and $499,000 in June. Sixty percent of purchases are paid for in the month of purchase, the remaining 40% are paid in the following month. What is the budgeted Accounts Payable balance for June 30? Multiple Choice $299,400 $168,400 $252,600 $199,600