Cave Hardware's forecasted sales for April; May; June; and July are $250,000; $290,000; $180,000; and $300,000; respectively. Sales are 60% cash and 40% credit with all accounts receivables collected in the month following the sale. Cost of goods sold is 80% of sales and ending inventory is maintained at $50,000 plus 10% of the following month's cost of goods sold. All inventory purchases are paid 26% in the month of purchase and 74% in the following month.

What is the balance of accounts payable on the June 30 budgeted balance sheet at Cave Hardware?

A. $133,200

B. $153,600

C. $113,664

D. $95,904