Crane Company reported the following information for 2020: September October November December January

Budgeted sales$241000 $310400 $290300 $360000 $199000 Budgeted purchases $89700 $120100 $127900 $144000 $87400 Cost of goods sold is 40% of sales. Crane purchases and pays for merchandise 70% in the month of acquisition and 30% in the following month. Accounts payable is used only for inventory acquisitions. How much is the budgeted balance for Accounts Payable at October 31, 2020? $36030 $54000 $76410 $38370