Answer the Following Questions Using the Information Below:
Wallaby Company

Multiple Choice

Answer the following questions using the information below:
Wallaby Company has the following information:
$$\begin{array} { l c } \text { Month } & \text { Budgeted Purchases } \\\text { January } & \$ 26800 \\\text { February } & 29000 \\\text { March } & 30520 \\\text { April } & 29480 \\\text { May } & 27680\end{array}$$ 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 month after purchase
-What is the expected balance in Accounts Payable as of 31 March?

A) $39 068
B) $18 312
C) $30 520
D) $2900