Cave Hardware's forecasted sales for April May June and July are S 150 000; S290,000 $130.000; and $270,000 respectively. Sales are 60 cash and 40% credit with all accounts receivables colected in the month following the sale. Cost o goods sold is 75% of sales and ending inventory is maintained at $80,000 plus 10% of the following month What is the balance of accounts payable on the June 30 budgeted balance sheet at Cave Hardware? O A. $82,080 cost of goods sold All inventory purchases are paid 24% in the month of purchase and 76% in the ollowing month. B. $98,800 C. $66,690 O D. $108,000