Award: 10.00 points Kid's Delight expects to sell $135,900 of toys in December. $64.700 in January, $74,400 in February and 556,800 in March. The wholesale cost is 58 percent of the retail price. The receivables period is 30 days, the payables period is 60 days and all inventory is purchased one month prior to selling it What is the accounts payable balance at the end of February? Assume a year has 360 days. O $74,544 O $80,678 O $79,327 $76,168 $76,096 References Multiple Choice Learning Objective: 18-03 Summarize the essentials of short- term financial planning. Difficulty: 2 Intermediate Section: 18.4 The Cash Budget