Fanning Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects to purchase the following inventory April Required purchases (on account) $113,000 $133,000 $145,000 June Fanning Books' accountant prepared the following schedule of cash payments for inventory purchases. Fanning Books' suppliers require that 85 percent of purchases on account be paid in the month of purchase, the remaining 15 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. ces Complete this question by entering your answers in the tabs below. Required A Required Complete the schedule of cash payments for inventory purchases by filling in the missing amounts Schedule of Cash Payments for inventory Purchases April May June Payment for current accounts payable 5 W.050 Payment for previous accounts payable 10 000 Total budgeted payments for inventory 5 106.050 Required > 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 (an account) Apel $113,000 $133,000 June $ 145,000 Fanning Books'accountant prepared the following schedule of cash payments for inventory purchases. Fanning Books suppliers require that 85 percent of purchases on account be paid in the month of purchase the remaining 15 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 Complete this question by entering your answers in the tabs below. required Required Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter