High Company Has the Following Information Purchases Are Paid for in the Following Manner: 75% in

Multiple Choice

High Company has the following information: $\begin{array}{lr}\text { Month } & \text { Budgeted Purchases } \\\hline \text { January } & \$ 33,000 \\\text { February } &37,000\\\text { March } & 31,000 \\\text { April } & 30,000 \\\text { May } &27,680 \\\end{array}$ Purchases are paid for in the following manner: 75% in the month of purchase
25% in the month after purchase
_____ is the expected balance in Accounts Payable as of April 30.

A) $0
B) $7,500
C) $20,250
D) $30,000