Dlltex Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $280,000 for November, $260,000 for December, and $270,000 for January. Collections are expected to be 65% in the month of sale, 32% in the month following the sale, and 3% uncollectible. The cost of goods sold is 60% 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 $25,500. Monthly depreciation is $16,500. Ignore taxes. Accounts payable at the end of December would be: $156.000 $78.000 $159.000 $81,000