Sports Socks has a policy of always paying within the discount period and each of its suppliers provides a discount of 2% if paid with 10 days of purchase. Because of the purchase policy, 85% of its payments are made in the month of purchase and 15% are made the form month. The direct materials budget provides for purchases of $133,000 in November, $296,000 in December, $239,000 in January, and $225,000 in February. What is the balance in accounts payable for January 31 , and February 28? Feedback Theck My Work The ending balance is a function of the beginning balance plus purchases (less discounts) less payments made. Use a t-account to determine the proper beginning balance using the three amounts mentioned above