Question 1 7.14 pts ABC Company estimates the following raw material purchases for the final four months of the year: September $830,000 October $940,000 November $860,000 December $780,000 At ABC Company, 40% of raw materials purchases are normally paid for in the month of purchase. The remaining 60% is paid for in the month following the purchase. In ABC Company's budgeted balance sheet at December 31, at what amount will accounts payable for raw materials be shown? $468,000 $564,000 $780,000 $588,000