Show Place Decor has estimated quarterly sales for next year, starting with Quarter 1, of $38,600,$53,400,$48,900, and $69,800. Purchases are equal to 62 percent of the following quarter's sales and the accounts payable period is 30 days. Assume each month has 30 days. What is the estimated accounts payable balance at the end of Quarter 1? Multiple Cholce $10,106 $9,520 $11,036 $14,425 $14,200