Carver Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operations follow:

Sales are budgeted at $350,000 for November, $320,000 for December, and $300,000 for January. Collections are expected to be 90% in the month of sale and 10% in the month following the sale. The cost of goods sold is 75% of sales. The company desires to have an ending merchandise inventory equal to 60% of the following month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $24,700. Monthly depreciation is $16,000. Ignore taxes.

Balance Sheet October 31
Assets
Cash	$	19,000
Accounts receivable		77,000
Inventory		157,500
Property, plant and equipment, net of $502,000 accumulated depreciation		1,002,000
Total assets	$	1,255,500
Liabilities and Stockholders' Equity
Accounts payable	$	272,000
Common stock		780,000
Retained earnings		203,500
Total liabilities and stockholders' equity	$	1,255,500

Accounts payable at the end of December would be:

		$96,000
		$135,000
		$231,000
		$240,000