Question 13 Alliance Construction is estimating the following raw material purchases for the final four months of the Not yet answered year: September: $800,000 October: $920,000 November: $1,090,000 December: $740,000 At Alliance, 30% of raw materials purchases are normally paid for in the month of purchase. The remaining 70% is paid for in the month following the purchase. Points out of 3 Flag question In Alliance's budgeted balance sheet at December 31, at what amount will acounts payable for raw materials be shown? Select one: O a. $845,000 O b. $985,000 O c. $1,503,000 O d, $518,000 / 2