Wycliff Contractors, Inc., has the following monthly purchasing schedule and ending accounts payable: Dec. Purchases $400 Mar. Apr. May June Feb. $350 $325 $400 $500 $650 320 297 345 430 555 a. Calculate the days payables outstanding for March, April, May, and June using quarterly purchases to calculate the average daily purchases. Ending payables b. The following table shows the amount of payables remaining in successive months for purchases made during the January through June period of operations. Convert the table to a balance fraction matrix. Accounts Payable Balances Feb. Mar. Apr. $75 245 Jan. Feb. Mar. Jan. $375 342 Apr. May June Purchases Jan. $375 $262 350 325 400 500 650 $320 $70 227 $297 $65 280 $345 May $80 350 $430 June $100 455 $555