Italian Company Has the Following Sales Budget for the Coming

Italian Company has the following sales budget for the coming year. $$\begin{array} { | l | r | } \hline \text { Month } & \text { Sales } \\\hline \text { January } & \$ 300,000 \\\hline \text { February } & \$ 315,000 \\\hline \text { March } & \$ 345,000 \\\hline \text { April } & \$ 367,500 \\\hline\end{array}$$ The marketing 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.