Answer the following questions using the information below:

Estate Corp., has the following information:

Month	Budgeted Purchases
January	$26,800
February	29,000
March	28,500
April	29,480
May	26,680

Purchases are paid for in the following manner:

10% of the purchase amount in the month of purchase

50% of the purchase amount in the month after purchase

40% of the purchase amount in the second month after purchase

What is the expected Accounts Payable balance as of May 31?

A.

$37,932

B.

$41,792

C.

$35,804

D.

$2,948