B C D E F G H K M A firm expects to achieve the following level of sales, to make the following purchases of raw materials, and to make the following payments for indirect expenses for the first 4 months of the year. All sales 51 and purchases of raw materials are on credit. 90% of sales are paid for in the month after the sale, with the balance paid in the following month. 70% of purchases are paid for in the month after the 51 purchase, with the balance paid in the following month. Indirect expenses are paid for in the month they are incurred. expense 10 Sales in December totalled $71 and purchases of raw materials in December totalled $54. The opening Dec cash balance at the beginning of January was $119. What is the budgeted closing balance of O accounts payable (rounded to the nearest dollar) at the end of April? ses t expense Jan Feb Mar Apr Sales 71 77 73 72 Purchases of raw materials 50 58 51 51 Indirect expenses 13 15 18 13