Dakota Williams is one of Texas's premiere party planners. She purchases a variety of supplies, such as plastic tableware, stemware, and decorations, throughout the year. Dakota has prepared the following purchases budget for the coming year: *Exercise 5-24 Budgeted purchases 1st Quarter 2nd Quarter $348,000 $412,000 3rd Quarter $469,000 4th Quarter $531,000 Historically, Dakota has paid for 38 percent of her purchases in the quarter of purchase and 62 percent in the quarter following purchase. On December 31 of this year Dakota had a $337,400 accounts payable balance. Prepare Dakota's cash payments budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) 1st Quarter A/P from last year 1st quarter purchases 2nd quarter purchases 3rd quarter purchases 4th quarter purchases Total 2nd Quarter 3rd Quarter Calculate the accounts payable balance at the end of 4th Quarter. Accounts Payable balance at the end of 4th Quarter $ 4th Quarter Annual 13