The beginning accounts payable (associated with PlasticPR purchases only) will consist of $101,278 arising from the following estimated material purchases for November and December of 2020:

Material purchases in November 2020: $213,850

Material purchases in December 2020: $138,400

Wood Parts-Musical Instruments pays for 50% of a months purchases in the month of purchase, 35% in the following month and the remaining 15% two months after the month of purchase. There is no early payment discount.

Word Parts-Musical Instruments LTD Schedule of Cash Disbursement For Materials For the year ended December 31, 2020 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year Jan 213,850 138,540 APfrom November AP from December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec