Multiple Choice ssume a merchandising company's estimated sales for January, February, and March are $100,000, $120,000, and $110,000, respectively its cost of goods soid is always 40% of its sales. The company always mainta nding merchandise inventory equal to 10% of next month's cost of goods sold. It pays for 25% of its merchandise purchases in the month of the purchase and the remaining 75% in the subsequent month. Whit the ccounts payable balance at the end of January? O $35,700 $30,000 $10,200 $11.900