Cave Hardware's forecasted sales for April: May: June; and July are $190,000; $300,000; $140,000; and $260,000; respectively. Sales are 65% cash and 35% credit with all accounts receivables collected in the month in the sale. Cost o goods sold s 30% of sales and ending invent is maintained at $40,000 plus 10% 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? OA. $78,624 OB, $94,848 O c. $109,200 D. $121,600