22 Data for jo, a large merchandiser, is below: Sales are budgeted at $297,000-for-November, $317,000 for December, and $217,000 for January. Collections are expected to be 70% in the month of sale and 30% in the month following the sale. The cost of goods sold is 75% of sales. Utuyoz735 desires to have an ending merchandise-inventory at the end of each month equal to 80% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $21,800. Monthly depreciation is $24,500. Ignore taxes. Assets Balance Sheet October 31 Cashu Accounts receivable Merchandise inventory" Property, plant and equipment, net of $624,000 accumulated depreciation Total assets P Liabilities and Stockholders' Equity $ 28,500- 80,500 178,200 1,011,000 $ 1,298,200 Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity Q) What are the accounts payable for jojat the end of December? Multiple Choice Top of Form $237,7501 -$177.750% -$47,550 $130.2005 Boton of Fiem 4 $ 243,000 747,000 308,200 $ 1,298,200