Galina, Inc has prepared the following direct materials purchases budget Month June July August September October Budgeted DM Purchases $68,000 76,000 77,500 73,900 74,200 All purchases are paid for as follows 10% in the month of purchase, 40% in the following month, and 50% two months after purchase Calculate the budgeted balance of accounts payable at the end of October O A. $36.950 OB. $103,730 OC. $74,050 D. $66 780