Martin Clothing Company is a retail company. The following information is available for several months of the current year:

Month	Purchases on Account	Cash Expenses Paid
May	$50,100	$20,600
June	59,600	22,500
July	47,100	19,300

All of Martins purchases are on account with 52 percent paid in the month of purchase and the rest paid the following month.

What is Martins projected accounts payable on May 31?