Question 10 Bonita Company reported the following information for 2020: N September October November December January Budgeted sales $240600 $310400 290400 $360500 $199400 Budgeted purchases $90200 $119100 $128300 $143600 $87400 . Cost of goods sold is 35% of sales. Bonita purchases and pays for merchandise 70% in the month of acquisition and 30% in the following month. Accounts payable is used only for inventory acquisitions. How much is the budgeted balance for Accounts Payable at October 31, 2020? $35730 $54075 $76470 $38490