Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow. Sales are budgeted at $290,000 for November, $270,000 for December, and $260,000 for January Collections are expected to be 40% In the month of sale and 60% In the month following the sale. The cost of goods sold is 75% of sales, The company would like to maintain ending merchandise inventories equal to 65% 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 $23.500. Monthly depreciation is $14.500. Ignore taxes. Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $573,700 accumulated depreciation Total assets $ 21,700 71,700 141,375 1,095,700 $1,330,475 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 255,700 821,700 253, 075 $1,330,475 The difference between cash receipts and cash disbursements for December would be