Average Joe Entertainment Inc has budgeted its activity for December and have provided you with the following available information:

1. Sales at $400,000, all for cash.

2. Budgeted amortization for December is $10,000.

3. The cash balance at December 1 was $10,000.

4. Selling and administrative expenses are budgeted at $40,000 for December and are paid for in cash.

5. The planned merchandise inventory on December 31 and December 1 is $12,000.

6. The invoice cost for merchandise purchases represents 75% of the sales price. All purchases are paid in cash. How much are the budgeted cash disbursements for December?

Select one: a. $230,000 b. $340,000 c. $350,000 d. $328,000 e. None of the above