Farley Company reported the following information for 2022: September October November December January Budgeted sales $240,000 $310,000 $290,000 $360,000 $200,000 Budgeted purchases $90.000 $120,000 $128,000 $88,000 $144.000 Cost of goods sold is 35% of sales. Farley purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month Accounts payable is used only for inventory acquisitions. How much is the budgeted balance for Accounts Payable at October 31, 2022