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

Sales are budgeted at $250,000 for November, $230,000 for December, and $240,000 for January.

Collections are expected to be 62% in the month of sale, 35% in the month following the sale, and 3% uncollectible.

The cost of goods sold is 75% of sales.

The company desires to have an ending merchandise inventory at the end of each month equal to 50% 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 $24,000.

Monthly depreciation is $15,000.

Ignore taxes.

Statement of Financial Position October 31
Assets
Cash	$19,000
Accounts receivable (net of allowance for uncollectible accounts)	76,000
Merchandise inventory	93,750
Property, plant and equipment (net of $50 accumulated depreciation)	959,000
Total assets	$1,147,750

Liabilities and Stockholder' Equity
Accounts payable	$127,000
Common stock	870,000
Retained earnings	150,750
Total liabilities and stockholder' equity	$1,147,750

Accounts payable at the end of December would be:

$86,250$90,000$176,250$172,500