Sharone Janitorial Supplies expects to make purchases of $100,000 in January; $240,000 in February; $350,000 in March; and $230,000 in April.Purchases are paid 30% in the month of purchase and 70% in the month after purchase.How much is budgeted accounts payable at the end of February?

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At the end of February, the budgeted accounts payable includes 70% of February's purchases (since these are paid in the month after purchase). February's purchases are $240,000, so 70% of this is $168,000. January's purchases are fully accounted for by the end of February (30% in January and 70% in February), so they do not contribute to the end-of-February accounts payable.

Sharone Janitorial Supplies Expects to Make Purchases of $100,000 in January;