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The Gomez Company, a merchandising firm, has budgeted its activity for December according to the following information:

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Sales at $860,000, all for cash. Merchandise Inventory on November 30 was $430,000. The cash balance at December 1 was $56,000. Selling and administrative expenses are budgeted at $64,000 for December and are paid for in cash. Budgeted depreciation for December is $42,000. The planned merchandise inventory on December 31 is $440,000. The cost of goods sold represents 66% of the selling price. All purchases are paid for in cash. The budgeted cash receipts for December are: Sales at $860,000, all for cash. Merchandise Inventory on November 30 was $430,000. The cash balance at December 1 was $56,000. Selling and administrative expenses are budgeted at $64,000 for December and are paid for in cash. Budgeted depreciation for December is $42,000. The planned merchandise inventory on December 31 is $440,000. The cost of goods sold represents 66% of the selling price. All purchases are paid for in cash. The budgeted cash receipts for December are