Total liabilities and stockholders' equity $1,279,600 Accounts payable at the end of December would be:

d. $258,700

Explanation:

Note: The full question is attached as picture below

              Purchase Budget for December

Particulars                                                  Amount

Cost of goods sold (65% of 390,000)     $253,500

Add: Desired ending inventory                $208,000

        (80% of following monthly COGS)                    

Total inventory required                          $461,500

Less: Beginning inventory                        $202,800

Purchases                                                  $258,700

Thus, the Accounts payable at the end of December is $258,700

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