Mumbai Inc. has prepared the following purchases budget:

Month	Budgeted Purchases
June	$67,000
July	72,500
August	76,300
September	73,700
October	69,200

All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase. Calculate balance of Accounts payable at the end of October.

A) $77,680

B) $91,760

C) $69,330

D) $74,290

Note: Supporting computations are required for this problem. Failure to do so will result in loss of points.