Estate Corp., has the following information: Month Budgeted Purchases January $27,200 February 30,000 March 28,800 April 30,280 May 26,680 Purchases are paid for in the following manner: 5% of the purchase amount in the month of purchase 40% of the purchase amount in the month after purchase 55% of the purchase amount in the second month after purchase What is the expected balance in Accounts Payable as of March 31? $11,520 $43,860 $1500 $27,360