Bramble Corporation is a 5 mall wholesaler of gourmet food products. Data regarding the store's operations follow: - Sales are budgeted at $310,000 for November, $290,000 for December, and $280,000 for January. - Collections are expected to be 60% in the month of sale and 40% in the month following the sale. - 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 $23,700. - Monthly depreciation is $14,700. - Ignore taxes. Expected cash collections in December are: Muniple Choice 5124,000 $174,000 $298,000 $290,000