Virginia Enterprises makes all purchases on account subject to the following payment pattern

Paid in the month of purchase 30%

Paid in the First month after purchase 65%

Paid in the second month following purchase 5%

Virginia's purchase budget for the second quarter is given

below:

Purchase in April $330,000

Purchase in May $290,000

Purchase in June $380,000

Find out the firm's budgeted Accounts Payable balance on June 30th.