Saddle Company, a leather goods retailer, has a sales budget of $500,000 for February. The cost of goods sold is estimated to be 35% of sales. All goods purchased by Saddle Company are paid for in the month following purchase. The beginning inventory for February is $10,000, and an ending inventory of $11,000 is desired. The accounts payablebalance at the beginning of February is $88,000. The ending balance in accounts payablefor February is expected to be:

Group of answer choices

$175,000

$176,000

$197,000

$186,000