show all calculations for this problem. Bear Company has the following information: Month__________Budgeted Purchases January________$26,800 February________29,000 March__________30,520 April____________29,480 May____________27,680 Purchases are paid for in the following manner: 10% of the purchase amount in the month of purchase 50% of the purchase amount in the month after purchase 40% of the purchase amount in the second month after purchase 1. What is the expected balance in Accounts Payable as of March 31? Answer was $39,068 2. What is the expected balance in Accounts Payable as of April 30? Answer was $38,740