Company's inventory purchases budget for the second and third quarter:

April 210,000

May 150,000

June 185,000

July 190,000

August 200,000

September 150,000

Purchases are 20% cash and 80% on account. Payments for purchases are made over a three-month period, with 15% paid in the month of purchase, 60% paid in the month following the purchase, 20% paid in the second month following the purchase, and 5% will not be paid.

What is the budgeted accounts payable balance at the end of June?