Trailer Company has budgeted purchases of merchandise inventory of $454,500 in January and $533,750 in February. Assume Trailer pays for inventory purchases 40% in the month of purchase and 60% in the month after purchase. The Accounts Payable balance on December 31 is $97,275. Prepare a schedule of cash payments for purchases for January and February, including the calculation for the Accounts Payable balance on February 28. Begin by computing the total cash payments for direct materials for January and February. Then, compute the Accounts Payable balance at February 28. (Round all amounts you enter into the budget to the nearest whole dollar. If an input field is not used in the table leave the input field empty; do not enter a zero.)