Metro, Inc. sells backpacks. The Company's accountant is preparing the purchases budget for the first quarter operations. Metro maintains ending inventory at 20% of the following month's expected cost of goods sold. Expected cost of goods sold for April is $70,000. All purchases are made on account with 25% of accounts paid in the month of purchase and the remaining 75% paid in the month following the month of purchase.

Sales	January				February				March
Budgeted cost of goods sold	$	40,000			$	50,000			$	60,000
Plus: Desired ending inventory		10,000
Inventory needed		50,000
Less: Beginning inventory		(8,000	)
Required purchases	$	42,000

Based on this information the amount of accounts payable appearing on the March 31 pro forma balance sheet is