Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow. - Sales are budgeted at $280,000 for November, $260,000 for December, and $250,000 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 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 $23,400. - Monthly depreciation is $14,400. - Ignore taxes. Multiple Choice $154.000 $117,000 $260,000 $271,000