Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow. Sales are budgeted at $430,000 for November, $410,000 for December, and $400,000 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 85% of sales. The company would like to maintain ending merchandise Inventorles 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 $24.900. Monthly depreciation is $15.900. Ignore taxes. Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $572,000 accumulated depreciation Total assets $ 20,000 70,000 153,000 1,094,000 $1,337,000 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 254,000 820,000 263,000 $1,337,000 Expected cash collections In December are: Multiple Choice $172.000 $246.000 $410.000 $418.000