Deerborne Company Is Preparing Their Budget for the 2^nd Quarter

Deerborne Company is preparing their budget for the 2^nd quarter and provides the following data:
$\begin{array}{|l|r|r|r|}\hline&\text { Apr } & \text { May } & \text { Jun } \\\hline\text { Budgeted purchases }&\$10,000&\$12,000&\$9,000\\\hline\\\hline\\\hline \text { Budgeted Cash Payments for Inventory } & \\\text { Purchases }&\text { Apr } & \text { May } & \text { Jun } \\\hline 60 \% \text { of previous month purchases } & 5,000 & 6,000 & 7,200 \\\hline 40 \% \text { of current month purchases } & 4,000 & 4,800 & 3,600 \\\hline \text { Total cash payments } & \$ 9,000 & \$ 10,800 & \$ 10,800 \\\hline\end{array}$

Assume that accounts payable pertains only to suppliers of inventory. Based on the above data, what should the budgeted balance sheet show as the balance of Accounts payable at June 30?

A) $12,000
B) $3,600
C) $7,200
D) $5,400