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

• Sales are budgeted at $390,000 for November, $370,000 for December, and $360,000 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 80% 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 $24,500.
• Monthly depreciation is $15,500.
• Ignore taxes.

Balance Sheet October 31
Assets
Cash	$	20,500
Accounts receivable		70,500
Merchandise inventory		218,400
Property, plant and equipment, net of $572,500 accumulated depreciation		1,094,500
Total assets	$	1,403,900
Liabilities and Stockholders' Equity
Accounts payable	$	254,500
Common stock		820,500
Retained earnings		328,900
Total liabilities and stockholders' equity	$	1,403,900

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

• $56,700

• $42,525

• $32,600

• $101,600