Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $210,000 for November, $190,000 for December, and $180,000 for January Collections are expected to be 50% in the month of sale and 50% in the month following the sale. . The cost of goods sold is 55% of sales. The company would like to maintain ending merchandise inventories equal to 45% of the next month's cost of goods sold. Payment for merchandise i made in the month following the purchase. Other monthly expenses to be paid in cash are $22,700. Monthly depreciation is $13,700. Ignore taxes. . $ Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $574,500 accumulated depreciation Total assets 22,500 72,500 51,975 1,096,500 $1,243,475 Liabilities and Stockholders' Equity Accounts payable $ 256,500 Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $574,500 accumulated depreciation Total assets $ 22,500 72,500 51,975 1,696,5ee $1,243,475 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 256,500 822,500 164,475 $1,243,475 Expected cash collections in December are: Expected cash collections in December are: Multiple Choice $200,000 O $105,000 $190,000 $95.000