Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow Sales are budgeted at $310,000 for November, $290.000 for December, and $280,000 for January Collections are expected to be 60% In the month of sale and 40% 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 $23.700. Monthly depreciation is $14,700. Ignore taxes Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $573,508 accumulated depreciation Total assets $ 21,500 71,500 110,825 1,095,500 $1,299,325 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 255,500 821,500 222,325 $1,299,325 December cash disbursements for merchandise purchases would be Multiple Choice $184.925 O $194,350 O $188,500 $100.000 O