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According to XYZ Company's budgeted income statement for 2021, it is expected to be highly profitable in 2021. However, its cash budget indicates that it will likely run out of cash in the fourth quarter of 2021. Which of the following is not a reasonable way for XYZ Company to manage this cash shortage? O Encourage customers to pay their bills earlyle.g., offer them a small discount for early payment) Trick question - a profitable company cannot run out of cash Borrow money O Invest in new equipment to reduce direct labor costs and improve profitability Pay suppliers later than usual and incur a small penalty for late payment In December, SG&A costs were $3.000, COGS was $31,000, beginning inventory was $6,000, and ending inventory was $5,000. Compute the purchases of new merchandise in December O $32,000 $34,000 O $28,000 O $35.000 O $30,000