Assume a merchandising company's estimated sales for january, february, and march are 118000, 138000 and 128000 respectively its cost of good sold is always 35% of its sales. the company always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold. it pays for 25% of its merchandise purchases in the month of the purchase and the remaining 75% in the subsequent month. what is the accounts payable balance at the end of february