Bracken Corporation is a small wholesaler of gourmet food products. Data regarding the store's operation follow: Sales are budgeted at $290,000 for November, $300,000 for December, and $300,000 for January. Collections are expected to be 75% in the month of sale, 23% in the month following the sale, and 2% uncollectible. The cost of goods sold is 70% of sales. The company would like to maintain ending merchandise inventories equal to 60% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $21, 400. Monthly depreciation is $18, 600. Ignore taxes. The difference between cash receipts and cash disbursements in December would be: $8,000 $63, 100 $100, 900 $31, 950