Big Al's Meat Market has annual sales of $543,000 and cost of goods sold of $367,600. The profit margin is 5.6 percent and the accounts payable period is 31.9 days. What is the average accounts payable balance? Assume 365 days per year.

Multiple Choice

A) $32,127.23

B) $36,716.84

C) $34,422.04

D) $64,531.66

E) $29,449.96