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 sale 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 cost 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	$	21,100
Accounts receivable		71,100
Merchandise inventory		219,375
Property, plant and equipment, net of $573,100 accumulated depreciation		1,095,100
Total assets	$	1,406,675
Liabilities and Stockholders' Equity
Accounts payable	$	255,100
Common stock		821,100
Retained earnings		330,475
Total liabilities and stockholders' equity	$	1,406,675

Expected cash collections in December are: