Campbell Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects to purchase the following inventory: Required purchases account) April $184,900 May $124,000 June $136,000 Campbell Books's accountant prepared the following schedule of cash payments for inventory purchases. Campbell Books's suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. Required a. Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. b. Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter. Required A Required B Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. June Schedule of Cash Payments for Inventory Purchases April May Payment for current accounts payable $ 88,400 Payment for previous accounts payable 7,000 Total budgeted payments for inventory $ 95,400 Requim Required B > Required A Required B Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the quarter Accounts payable