East Company purchases its materials all on credit. The following information is given:

• The company pays cash for material purchases over two months, 80% in the month of purchase, and 20% in the following month.
• During September, the amount of expected cash payments for material purchases is $140,000.
• The expected (budgeted) balance of accounts payable at the end of September is $30,000.

The companys August materials purchases amount:

	A.	$120,000
	B.	$150,000
	C.	$80,000
	D.	$100,000