Bramble Corporation is a small wholesaler of gourmet food products Data regarding the store's operations follow Sales are budgeted at $270,000 for November, $250,000 for December, and $240,000 for January Collections are expected to be 50% in the month of sale and 50% 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 $23 300 Monthly depreciation is $14,300 Ignore taxes Balance that October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $573, 900 accumulated depreciation Total to Liabilities and stockholders' Equity Accounts payable Common stock Retained earnings Total Liabilities and stockholders' equity S 21,900 71, 900 131, 625 1,095, 900 5 1,321,325 S. 255, 900 $21.900 243, 525 S1,321,325 December cash disbursements for merchandise purchases would be Multiple Choice $192.750 5182,625 5117.000 5187,500