Assume a merchandising company's estimated sales for January, February, and March are $102,000, $122,000, and $12,000, respectively its cost of goods sold is always 35% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold, it pays for 25% of its merchandise purchases in the month of the purchase and the remaining 75% in the subsequent month. What is the accounts payable balance at the end of February? Multiple Choice O $27,825 $10,500 $28,845 $31,500

the end of febrampl Besmene chnole 127635 510,500 $20.645 53t500