1 Lowe Ridge has budgeted its activity for December according to the following information: Sales at $500,000, all for cash 2 Budgeted depreciation for December is $12,500 3 The cash balance at December 1 was $57,000 4. Selling and administrative expenses are budgeted at $35,000 for December and are paid for in cash 5 The planned merchandise inventory on December 31 and December 1 is $25,000 6 The invoice cost for merchandise purchases represents 60% of the sales price. All purchases are paid in cash How much are the budgeted cash disbursements for December? $335,000 $322,500 $347,500 $509,500