Fanning Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects to purchase the following inventory:

Required purchases $($on account$)$

April $$119,000$

May

June

$$139,000$ $$151,000$

Fanning Books' accountant prepared the following schedule of cash payments for inventory purchases. Fanning Books' suppliers require that $95$ percent of purchases on account be paid in the month of purchase; the remaining $5$ percent are paid in the month following the month of purchase.

Required

a$.$ Complete the schedule of cash payments for inventory purchases by filling in the missing amounts.

b$.$ Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.