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

• Sales are budgeted at $230,000 for November, $210,000 for December, and $200,000 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 65% of sales.
• The company would like to maintain ending merchandise inventories equal to 55% 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 $22,900.
• Monthly depreciation is $13,900.
• Ignore taxes.

Balance Sheet
October 31
Assets
Cash	$ 22,300
Accounts receivable	72,300
Merchandise inventory	82,225
Property, plant and equipment, net of $574,300 accumulated depreciation	1,096,300
Total assets	$ 1,273,125
Liabilities and Stockholders' Equity
Accounts payable	$ 256,300
Common stock	822,300
Retained earnings	194,525
Total liabilities and stockholders' equity	$ 1,273,125

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

Multiple Choice

$56,750

$42,563

$29,225

$98,100