Bracken Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:

	Sales are budgeted at $300,000 for November, $310,000 for December, and $310,000 for January.
	Collections are expected to be 70% in the month of sale, 29% in the month following the sale, and 1% uncollectible.
	The cost of goods sold is 65% of sales.
	The company would like to maintain ending merchandise inventories equal to 55% 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 $21,500.
	Monthly depreciation is $18,700.
	Ignore taxes.

Balance Sheet
October 31
Assets
Cash	$43,000
Accounts receivable, net of allowance for uncollectible accounts	91,000
Merchandise inventory	107,250
Property, plant and equipment, net of $619,000 accumulated depreciation	1,245,000
Total assets	$1,486,250
Liabilities and Stockholders' Equity
Accounts payable	$125,250
Common stock	990,000
Retained earnings	371,000
Total liabilities and stockholders' equity	$1,486,250

Expected cash collections in December are:

$217,000

$310,000

$304,000

$87,000