Duck Company Has the Following Information Purchases Are Paid for in the Following Manner: 10% in

Multiple Choice

Duck Company has the following information: $\begin{array}{lr}\text { Month } & \text { Budgeted Purchases } \\\hline \text { January } &26,800 \\\text { February } &29,000 \\\text { March } & 30,520 \\\text { April } &29,480 \\\text { May } &27,680 \\\end{array}$ Purchases are paid for in the following manner: 10% in the month of purchase
50% in the month after purchase
40% two months after purchase
_____ is the expected balance in Accounts Payable as of March 31.

A) $39,068
B) $18,312
C) $2,900
D) $30,520