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

Sales are budgeted at $320,000 for November, $300,000 for December, and $290,000 for January.

Collections are expected to be 55% in the month of sale and 45% in the month following the sale.

The cost of goods sold is 70% of sales.

The company would like to maintain ending merchandise inventories equal to 70% 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 $23,800.

Monthly depreciation is $14,800.

Ignore taxes.

Balance Sheet
October 31
Assets
Cash	$ 21,400
Accounts receivable	71,400
Merchandise inventory	156,800
Property, plant and equipment, net of $573,400 accumulated depreciation	1,095,400
Total assets	$ 1,345,000
Liabilities and Stockholders' Equity
Accounts payable	$ 255,400
Common stock	821,400
Retained earnings	268,200
Total liabilities and stockholders' equity	$ 1,345,000

The difference between cash receipts and cash disbursements for December would be:

Multiple Choice

$40,100

$53,250

$112,600

$71,000