Wateredge Corporation has budgeted a total of $361,800 in costs and expenses for the upcoming quarter. Of this amount, $45,000 represents depreciation expense and $7,300 represents the expiration of prepayments. Water edge's current payables balance is $265,000 at the beginning of the quarter. Budgeted payments on current payables for the quarter amounts to $370,000, the company's estimated current payables balance at die end of the quarter is:
a. $179,500.
b. $204,500.
c. $203,500.
d. $310,000.