Dilly Farm Supply is located in a small town in the rural west. Data related to store operations is as follows: 

Sales are budgeted at $290,000 for November, 

$310,000 for December, and 

$210,000 for January.

Collections are expected to be 65% in the month of sale and 35% in the month following the sale.

The cost of goods sold is 80% of sales.

The company wants to have ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. 

Payment for the merchandise is made in the month following the purchase. 

Other monthly expenses to be paid in cash are $21,100. 

Monthly depreciation is $21,000. Ignore taxes. 

Balance sheet as of October 31 

Assets 

Cash $25,000 

Accounts receivable 77,000 

Merchandise inventory 162,400 

Property, plant and equipment, $624,000 

net of accumulated depreciation 1,026,000 

Total assets $1,290,400 

Liabilities and shareholders' equity 

Accounts payable $239,000 

Capital stock 740,000 

Total of passive and 

Retained earnings 311.40 

Equity $ 1,290,400 

What would be the Accounts payable at the end of December ?