Thomas Company has a sales budget for next month of $1,000,000. Cost of goods sold is expected to be 45 percent of sales. All goods are paid for in the month following purchase. The beginning inventory of merchandise is $20,000, and an ending inventory of $24,000 is desired. Beginning accounts payable is $152,000.

For Thomas Company, the ending accounts payable should be

a.	$156,000
b.	$454,000
c.	$356,000
d.	$404,000