Boxwood Inc. has forecast purchases on account to be $315,000 in March, $372,000 in April, $421,000 in May, and $494,000 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? $168,400 O $197,600 O $252,600 $296,400