Sarab Company purchases its raw materials from one supplier, Moon Company. The terms between the two companies call for paying 30% upon order, 20% after one month, and 50% after 2 months, of all orders made.

Sarab made the following orders in the first 3 months of the year 2021:

Month

Order amount ($)

January

54,000

February

82,000

March

78,000

What is the balance in the account payable account owed to Moon Company, as it appears on the books of Sarab Company, on 1/4/2021?

(When writing your answer do not use commas or sign of the dollar. For example, if your answer is $1,500, write it as 1500)