Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow:

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 desires to have an ending merchandise inventory at the end of each month equal to $70\%$ 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 $$21,100.$

Monthly depreciation is $$21,000.$

Ignore taxes.

Balance Sheet

October $31$

Assets

Cash $ $25,000$

Accounts receivable $77,000$

Merchandise inventory $162,400$

Property, plant and equipment, net of $$624,000$ accumulated depreciation $1,026,000$

Total assets $ $1,290,400$

Liabilities and Stockholders' Equity

Accounts payable $ $239,000$

Common stock $740,000$

Retained earnings $311,400$

Total liabilities and stockholders' equity $ $1,290,400$

Accounts payable at the end of December would be: