Dilfy Farm Supply is located in a small town in the rural west. Dota regarding the store's operations follow: - Sales are budgeted at $254,000 for November, $294,000 for December, and $221,000 for January. - Collections are expected to be 60% in the month of saie and 40% in the month following the sale, - The cost of goods sold is 80% of sales. - The company desires to have an ending merchandise imventory 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 $15,600. - Monthly depreciation is $26,500. - Ignore taxos. Accounts payable at the end of December would be: Mutiple Choice 523,520 $159,120 $235,200 $182,640