Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: . . Sales are budgeted at $400,000 for November, $380,000 for December, and $370,000 for January. Collections are expected to be 45% in the month of sale and 55% in the month following the sale. The cost of goods sold is 75% of sales. The company would like to maintain ending merchandise inventories equal to 65% 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 $24,600. Monthly depreciation is $15,600. Ignore taxes. Balance Sheet October 31 Assets $ 20,600 70,600 195,000 Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $572,600 accumulated depreciation Total assets 1,094,600 $1,380,800 $ Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity 254,600 820,600 305,600 $1,380,800 The difference between cash receipts and cash disbursements for December would be