General, Inc. has prepared the following direct materials purchases budget:

Month	Budgeted DM Purchases
June	$69,000
July	77,500
August	76,900
September	77,800
October	76,800

All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase. Calculate budgeted balance of accounts payable at the end of October.

A.

$69,120

B.

$31,120

C.

$61,840

D.

$100,240