Super Drive is a computer hard drive manufacturer. The company's balance sheet for the fiscal year ended on November 30 appears below:

Super Drive, Inc.
Statement of Financial Position
For the year ended November 30
Assets:
Cash	52,000
Accounts receivable	150,000
Inventory	315,000
Property, plant, and equipment	1,000,000
Total assets	1,517,000
Liabilities and stockholders' equity:
Accounts payable	175,000
Common stock	900,000
Retained earnings	442,000
Total liabilities and stockholders' equity	1,517,000

Additional information regarding Super Drive's operations appear below: * Sales are budgeted at 520,000 for December and 500,000 for the upcoming January. * Collections are expected to be 60% in the month of sale and 40% in the month following sale. There are no bad debts. * 80% of the disk drive components are purchased in the month prior to the month of the sale, and 20% are purchased in the month of the sale. Purchased components comprise 40% of the cost of goods sold. * Payment for components purchased is made in the month following the purchase. * Assume that the cost of goods sold is 80% of sales. The balance in accounts payable on the budgeted balance sheet for December 31 should be: