Question: ata for RelyaTech Corp., a large merchandiser, is below: - Sales are budgeted at $299,000 for November, $319,000 for December, and $219,000 for January. -

ata for RelyaTech Corp., a large merchandiser, is below: - Sales are budgeted at $299,000 for November, $319,000 for December, and $219,000 for January. - Collections are expected to be 65% in the month of sale and 35% in the month following the sale. - The cost of goods sold is 80% of sales. - RelyaTech desires to have an ending merchandise inventory at the end of each month equal to 70% 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 $22,000. - Monthly depreciation is $25,500. - Ignore taxes. - (ID\#69077) What are the accounts payable for RelyaTech at the end of December
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