Sally Automotive is preparing the budget for the first quarter and estimates that budgeted cash purchases will be $$106,000,$$$98,400,$

and $$103,600$ for January, February, and March, respectively. The company also purchases on credit and historically pays $40\%$ of its

credit purchases in the month of purchase, $50\%$ in the month following purchase, and $10\%$ in the second month after the purchase.

Credit purchases during this time are expected to be $$186,000,$ $$174,800,$ and $$202,000$ for January, February, and March,

respectively. What amount will be reported for Accounts Payable in the March balance sheet?

$$290,400$

$$204,280$

$$123,480$

$$138,680$