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Data for RelyaTech Corp., a large merchandiser, is below: - Sales are budgeted at $300,000 for November, $320,000 for December, and $220,000 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. - RelyaTech desires to have an ending merchandise inventory at the end of earh month caual to 80% of the next month's cost of goods sold. merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $22,100. - Monthly depreciation is $26,000. - Ignore taxes. hat are the accounts payable for RelyaTech at the end of December? Multiple Choice $180,000 $48,000 $132,000 $240,000