Brilliant J Company Has Estimated Quarterly Sales for Next Year

Brilliant J Company has estimated quarterly sales for next year, starting with Quarter 1, of $16,974, $18,696, $21,279, and $20,295.Purchases are equal to 60 percent of the following quarter's sales.What is the cash outlay for accounts payable for Quarter 3 if the firm has a 30-day accounts payable period? Assume each month has 30 days.

A) $12,250.80
B) $12,373.80
C) $12,486.67
D) $12,966.67
E) $12,503.33