Bavarian Brews schedule of projected cash disbursement Jan Feb Mar Apr Sales $510 $870 $450 $600 The companys purchases are 75% of its sales. Of those purchases 15% are paid in cash, 50% are paid in the following month and the remainder in the month after that. The companys wages and salaries equal 15% of sales each month plus $50. Taxes of $125 are due in April. The company is going to purchase new machinery worth $1000 in March and pay 50% right away and the rest in April. In addition, the company will pay a $175 dividend in February.

What is the value of the Bavarian Brews accounts payable at the end of February? Assume the company had sales of $490 in December.

a. $869.00

b. $738.50

c. $688.50

d. $638.50