Boxwood Inc has forecast purchases on account to be $318,000 in March, $370,000 in April, $421,000 in May, and $493,000 in June. Sixty five percent of purchases are paid for in the month of purchase, the remaining 35% are paid in the following month. What is the budgeted Accounts Payable balance for June 30?

$147,350

$172,550

$320,450

$273,650