amble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow. . Sales are budgeted at $450,000 for November, $430,000 for December, and $420,000 for January. . Collections are expected to be 40% in the month of sale and 60% in the month following the sale. . The cost of goods sold is 75% of sales. . The company would like to maintain ending merchandise inventories equal to 65% of the next month's cost of goods sold. Payment merchandise is made in the month following the purchase. . Other monthly expenses to be paid in cash are $25,100. . Monthly depreciation is $16,100. . Ignore taxes. Balance Sheet October 31 Assets Cash $ 21 , 100 Accounts receivable 71, 100 Merchandise inventory 219, 375 Property, plant and equipment, net of $573, 100 accumulated depreciation 1, 095, 100 Total assets $ 1, 406, 675 Liabilities and Stockholders' Equity Accounts payable $ 255, 100 Common stock 821, 100 Retained earnings 330, 475 Total liabilities and stockholders' equity $ 1, 406, 675 The difference between cash receipts and cash disbursements for December would be