Limae company has created the following Inventory Purchases budget for the first quarter of 2021 (January through March of 2021). The company makes all purchases on account. The company pays 60% of the accounts payable in the month of the purchase, 35% of the accounts payable one month after purchase, and the remaining 5% of the accounts payable two months after purchase. March Budgeted COGS + Desired Ending Inventory Inventory Needed - Beginning Inventory Requires Purchases (on account) January $180,000 45,000 225.000 40,000 185,000 February $225,000 54,000 279,000 45,000 234.000 $270,000 48,000 318.000 54,000 264,000 On the company's pro forma balance sheet as of the end of March 2021 (end of the quarter), the accounts payable balance is: $249,550 5158 400 5117.300 5104 100