Omni Consumer Products (OCP) has the following information: Budgeted Purchases: January, $26,800; February, $29,000; March, $28,500; April, $29,480; May, $26,680 Purchases are paid for in the following manner: 10% of the purchase amount in the month of purchase 50% of the purchase amount in the month after purchase 40% of the purchase amount in the second month after purchase The expected balance in Accounts Payable for these purchases as of March 31 is closest to: a. $37,250 b. $30,520 c. $2,900 d. $18,312