Assume a merchandising companys estimated sales for January, February, and March are $105,000,$125,000, and $115,000, respectively its cost of goods sold is always 600 of its soles. The company always maintains ending merchandise inventory equal to 15% of next month's cost of goods sold. It pays for 20\% of its merchandise purchases in the month of the purchase and the remsining 80% in the subsequent month. What is the accounts payable balance at the end of February