Determine the financial statement effects of Accounts Payable Transactions, when Hobson Company has the following items:

a. Purchases $1,250 of inventory on credit.

b. Sells inventory for $1,650 on credit.

c. Records $1,260 cost of sales for transaction b.

d. Receives $1,650 cash towards accounts receivable.

e. Pays $1,260 cash to settle accounts payable.

What is the ending balance of Accounts Payable after the above transactions?