Italian Company, a Retailer of Italian Handbags, Has the Following

Italian Company, a retailer of Italian handbags, has the following sales budget for the coming year.
$$\begin{array} { l c } \text { Month } & \text { Sales } \\\text { January } & \$ 300,000 \\\text { February } & \$ 315,000 \\\text { March } & \$ 345,000 \\\text { April } & \$ 367,500\end{array}$$
The sales price per unit is $15; the cost of sales is 60% of sales. Italian keeps inventory equal to the coming month's budgeted sales requirements. It pays for purchases 55% in the month of purchase and 45% in the month after purchase. Inventory at the beginning of January is $172,800. Accounts Payable on January 1 is $83,000.
Required:
a. Prepare a schedule of purchases, in units and in dollars, for the first three months of the year.
b. Prepare a schedule of cash disbursements on account for the first three months of the year.
c. Determine the accounts payable balance as of March 31.