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EstateCorp.,has the followinginformation: Month Budgeted Purchases January $ 27 200 February 30 000 March 29 300 April 30 480 May 27 180 Purchases are paid

EstateCorp.,has the followinginformation:

Month Budgeted Purchases

January $ 27 200

February 30 000

March 29 300

April 30 480

May 27 180

Purchases are paid for in the followingmanner:

10 % of the purchase amount in the month of purchase

50 % of the purchase amount in the month after purchase

40 % of the purchase amount in the second month after purchase

What is the expected balance in Accounts Payable as of April30?

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