39) Christian Company has the following information:

Month Budgeted Purchases

January $26,800

February 29,000

March 30,520

April 29,480

May 27,680

Purchases are paid as follows:

10% in the month of purchase

50% one month after purchase

40% two months after purchase

What is the expected balance in Accounts Payable at March 31?

A) $2,900

B) $18,312

C) $30,520

D) $39,068 this is correct. Please explain why.