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.

$\backslash$table$[[\backslash$table$[[$Balance Sheet$],[$October

$31]]],[$Assets$,],[$Cash$,$$$20,500$