Cave Hardware's forecasted sales for April; May, June; and July are $250,000; $270,000; $150,000, and $300,000, respectively. Sales are 70% cash and 30% credit with all accounts receivables collected in the month following the sale. Cost of goods sold is 75% of sales and ending inventory is maintained at $50,000 plus 20% of the following month's cost of goods sold. All inventory purchases are paid 22% in the month of purchase and 78% in the following month. What is the balance of accounts payable on the June 30 budgeted balance sheet at Cave Hardware? O A. $70,200 O B. $117,000 O C. $135,000 OD. $105,300