Question 18 Circus Company has a sales budget for next month of $500,000. Cost of goods sold is expected to be 40 percent of sales. All goods are purchased in the month used and paid for in the month following purchase. The beginning inventory of merchandise is $12,082, and an ending inventory of $8,354 is desired. Beginning accounts payable is $76,000. For Cirucs, the ending accounts payable should be: 2 points Sav Round your answers UP to the next highest whole number. You do not need to report decimal points. The grading system allows for a tolerance. Do not add any symbols (dollar signs, commas, etc.). Blackboard will add a comma to your response, if necessary.