Sports Socks has a policy of always paying within the discount period and each of its suppliers provides a discount of 3% if paid within 10 days of purchase. Because of the purchase policy, 60% of its payments are made in the month of purchase and 40% are made the following month. The direct materials budget provides for purchases of $129,954 in November, $294,202 in December, $239,749 in January, and $234,227 in February, What is the balance in accounts payable for January 31, and February 28? Round to the nearest dollar Cash Payments Schedule For the Two Months Ending Dec. 31, 2019 Net Purchase Amount Jan Payments Feb Payments December January February Total Payments Beginning Balance Ending Balance Accounts Payable Net Purchase Amount Payments January $ February Is