Data for Utuyoz926, a large merchandiser, is below: Sales are budgeted at $307,000 for November, $327,000 for December, and $227,000 for January. . Collections are expected to be 60% in the month of sale and 40% in the month following the sale. The cost of goods sold is 75% of sales. Utuyoz926 desires to have an ending merchandise inventory at the end of each month equal to 90% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $22,800. Monthly depreciation is $29,500. Ignore taxes. (ID#42152) Assets Cash Accounts receivable Merchandise inventory Balance Sheet October 31 Property, plant and equipment, net of $624,000 accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity Q: What are the accounts payable for Utuyoz926 at the end of December? $ 35,000 85,500 207,225 922,000 $1,249,725 $ 256,000 757,000 236,725 $1,249,725 Q: What are the accounts payable for Utuyoz926 at the end of December? Multiple Choice $24,525 $153,225 $177,750 $245,250