Holland Limited makes all purchases on account, subject to the following budgeted payment pattern: 30% of purchases are paid in the month of purchase; 60% are paid in the first month following purchase; 10% are paid in the second month following purchase. If purchases for January, February and March are $200,000, $180,000 and $240,000 respectively, what would be Holland's budgeted account payables balance on March 317 Multiple Choice $240,000 O $180,000 $186,000 $200,000 18,000 O