Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow . Sales are budgeted at $450,000 for November $430,000 for December, and $420,000 for January Collections are expected to be 40% in the month of sate and 60% 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 cast of goods sold Payment for merchandise is made in the month following the purchase Other monthly expenses to be paid in cash are $25,100. Monthly depreciation is $16,100 Ignore taxes. Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $573,100 accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity S21,100 71.100 219.375 1,095.100 $ 1,406,675 $ 235, 100 21,100 330,495 $1,406,675 The difference between cash receipts and cash disbursements for December would be The difference between cash receipts and cash disbursements for December would be Multiple Choice $66,863 $134100 $44.225 589,150