An analyst has obtained the following information regarding ABC, Inc. Using this information, he needs to estimate the company's Accounts Payable.

Sales = $71,405 Cost of Goods Sold (COGS) = $32,168 Cash Cycle = 24 days Operating Cycle = 75 days Accounts Receivable Period = AR Period = Average Collection Period (ACP) = 12 days What is the company's Accounts Payable balance?

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.