Estate Corp., has the following information: Purchases are paid for in the following manner: What is the expected balance in Accounts Payable as of March 31?

QUESTION 9 Estate Corp., has the following information: Month January February March April May Budgeted Purchases $27,200 29,100 29,300 30,180 27,680 Purchases are paid for in the following manner: 15% of the purchase amount in the month of purchase 35% of the purchase amount in the month after purchase 50% of the purchase amount in the second month after purchase What is the expected balance in Accounts Payable as of March 31? O $39,455 $24,905 O $4365 O $10,255