Ditentem Suppy is located in a small town in the sun west Data regarding the store's operations follow Sales are budgeted at $260,000 for November, $230,000 for December, and 5210,000 for January o Collections are expected to be 80% in the month of sale, 10%, the month following the sale, and is uncollectible o The cost of good sold 666 of The company desires to have an ending merchandise inventory at the end of each month equal to 60% of the next month's cost of goods sold Payment for merchandise is made month following the purchase o Other motily expens to be paid in cash are $20,300 Monthly depreciation is $20.000 o ignore takes Balance Sheet October 31 Acrets $27,000 79.000 101400 1082.000 51289 400 Cash Accounts receivati, net of allowance for uncollectible sccounts Merchandise inventory Property, plant and cooment, net of 5574.000 accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total abies and stockholders equity $99.000 740,000 380.400 $1289 400 Common stock Retained earnings Total liabilities and stockholders' equity Accounts payable at the end of December would be: O $149,500 O $59,800 O $81,900 O $141,700