Melinda Horan is one of Texas's premiere party planners. She purchases a variety of supplies, such as plastic tableware, stemware, and decorations, throughout the year. Melinda has prepared the following purchases budget for the coming year.

			1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
	Budgeted purchases		$321,000		$401,000		$495,000		$546,000

Historically, Melinda has paid for 25 percent of her purchases in the quarter of purchase and 75 percent in the quarter following purchase. On December 31 of this year Melinda had a $332,800 accounts payable balance. Prepare Melinda's cash payments budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.)

Melinda Horan is one of Texas's premiere party planners. She purchases a variety of supplies, such as plastic tableware, stemware, and decorations, throughout the year. Melinda has prepared the following purchases budget for the coming year. Historically, Melinda has paid for 25 percent of her purchases in the quarter of purchase and 75 percent in the quarter following purchase. On December 31 of this year Melinda had a $332,800 accounts payable balance. Prepare Melinda's cash payments budget for the coming year. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) Calculate the accounts payable balance at the end of 4th Quarter Accounts payable balance at the end of 4th Quarter