29. The accounts receivable balance, net of uncollectible accounts, at the end of December would be: A. $102,300 B. $198,000 C. $83,200 D. $108,500 30. Retained earnings at the end of December would be: A. $325,100 B. $311,400 C. $335,200 D. $347,200 Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operatio follow: - Sales are budgeted at $290,000 for November, $310,000 for December, and $210,000 for January. - Collections are expected to be 65% in the month of sale, 33% in the month following the sale, and 2% uncollectible. - The cost of goods sold is 80% of sales. - The company purchases 70% of its merchandise in the month prior to the month of sale and 30% in the month of sale. Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $21,100. - Monthly depreciation is $21,000. - Innore taxes. Statement of Financial Position