Bracken Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $430.000 for November, $450,000 for December, and $450,000 for January. Collections are expected to be 85% in the month of sale, 14% in the month following the sale, and 1% uncollectible. The cost of goods sold is 85% of sales. The company would like to maintain ending merchandise inventories equal to 75% 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 $22,700. Monthly depreciation is $19,900. Ignore taxes. Balance Sheet October 31 Assets $37,000 Cash Accounts receivable, net of allowance for uncollectible accounts 85,000 Merchandise inventory 274,125 Property, plant and equipment, net of$613,000 accumulated depreciation 1,215,000 Total assets $1.611.125 Liabilities and Stockholders' Equity $317625 Accounts payable Common stock 930,000 Retained earnings 363,500 Total liabilities and stockholders' equity $1.611,125 The difference between cash receipts and cash disbursements in December would be: O $18,000 O $23,425 O $41750 O $115,050