Question 29 5 pts Sahara Wholesaler Inc.'s monthly sales budget is as follows: April $230,000. May $210,000, and June $240,000. Sahara's sales are 60% cash and 40% on account. Sahara collects all its accounts receivable in the month following the sale. Cost of goods sold is 70% of sales revenue. Sahara maintains an ending inventory balance equal to $60.000, plus 10% of the next month's cost of goods sold. All inventory purchases are paid 20% in the month of purchase and 80% in the subsequent month. On Sahara's budgeted balance sheet for May 31. what is the balance of the accounts payable account for inventory purchases? $121,720 $117.600 O $115.920 $119.280 None of the above