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Sunland Company reported the following information for 2016: October November December Budgeted sales $450000 $420000 $530000 Budgeted $230000 $246000 $278000 purchases . Cost of goods sold is 35% of sales. . Sunland purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. . Accounts payable is used only for inventory acquisitions. How much is the budgeted balance for Accounts Payable at October 31, 2016? O $92000 O $98400 O $208000 O $138000