les $1,650,000 Lost of goods sold $ 1,030,000 Depreciation $ 80,000 Interest expense $ 60,000 Tax $ 120,000 Net Income $360,000 Number of shares 200,000 Dividend per share $ 0.60 Balance Sheet Items Net fixed assets $ 220,000 Retained Earnings $ 13,500,000 Total Equity $ 146,500,000 Net Income $360,000 Number of shares 200,000 Dividend per share $ 0.60 Balance Sheet Items Net fixed assets $ 220,000 Retained Earnings $ 13,500,000 Total Equity $ 146,500,000 16. APT Inc's costs cost of goods sold varies directly with sales. For the next year, sales are projected to increase by 15 percent, and payables period is projected to be 25 days. What would be the appropriate projection for accounts payable in 2020? $ 102,540 $ 111.760 $ 94,910 $ 81,130