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Do-It-Right has the following estimated sales: Q1 Q2 Q3 Q4 Sales $2,100 $2,400 $3,200 $2,200 Purchases are equal to 65 percent of the following quarter's

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Do-It-Right has the following estimated sales: Q1 Q2 Q3 Q4 Sales $2,100 $2,400 $3,200 $2,200 Purchases are equal to 65 percent of the following quarter's sales. The accounts payable period is 60 days. Assume that there are 30 days in each month. Do-It- Right will purchase of goods in quarter 3 and owe their suppliers at the end of quarter 3 Select one: a. $2,080; $693 b. $1,430; $953 C. $2,080; $1,387 d. $1,430; $238 e. $1,430; $715

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