Question 50 (2 points) Trivle, Inc. forecasts total monthly sales and total monthly purchases for the first three months of 2021 to be as follows: Month Total Monthly Sales January February March $9,400 $14,000 $21,000 Total Monthly Purchases $6,200 $7,200 $9,800 Assuming the following: 75 percent of all sales are on credit and 25 percent of all sales are cash sales. Ce sales are collected immediately and for all credit sales, the average collection putod (ACP) will be 40 days for this period. COGS for Trivle, Inc. will be 60% per month. The accounts payable day's period will be 20 days for each of these months. Sales, collections and purchases will be evenly distributed throughout each month (assume 30 days per month). The December 30, 2020 accounts receivable balance was $4,000. The December 30, 2020 accounts payable balance was $1,000. What will Trivle Inc.'s accounts payable balance be on February 30 (i.e. the last day in February)