Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: - Sales are budgeted at $220,000 for November, $200,000 for December, and $190,000 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 60% of sales. - The company would like to maintain ending merchandise inventories equal to 50% 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 $22,800. - Monthly depreciation is $13,800. - Ignore taxes. The difference between cash receipts and cash disbursements for December would be: Multiple Choice $36,200 $62,200 $46,650 $102,600