Bramble Corporation is a small wholesaler of gourmet food products Data regarding the store's operations follow Sales are budgeted at $300.000 for November, $280,000 for December, and $270,000 for January Collections are expected to be 65% in the month of sale and 35% 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 60% 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 $23,600. Monthly depreciation is $14600, Ignore taxes Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $573,600 accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 21,600 71,600 126,000 1,895,600 $ 1,314,800 $ 255,600 821,600 237,600 $ 1,314,800 December cash disbursements for merchandise purchases would be