Pharoah, Inc. reports all its sales on credit, and pays operating costs in the month incurred. Amounts for 2022 are: April June July March May. Budgeted sales $300000 $289500 $320100 $279000 $209700 Budgeted purchases $144600 $120900 $127700 $132900 $89900 . Customer amounts on account are collected 65% in the month of sale and 35% in the following month. . Cost of goods sold is 70% of sales. . Pharoah purchases and pays for merchandise 30% in the month of acquisition and 70% in the following month. . Operating expenses are: Salaries, $49800; Depreciation, $12000; Rent, $14100; and Utilities, $13700. . Accounts payable is used only for inventory acquisitions. How much is Pharoah's budgeted balance for Accounts Payable at May 31, 2022? $125660 $89390 $38310 $84630