Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $260,000 for November, $240,000 for December, and $230,000 for January. Collections are expected to be 55% in the month of sale and 45% 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 $23,200. Monthly depreciation is $14,200. gnore taxes. Balance Sheet October 31 Assets Cash 22,000 72,000 Accounts receivable Merchandise inventory 145,600 Property, plant and equipment, net of $574,000 accumulated 1,096,000 depreciation $1,335,600 Total assets Liabilities and Stockholders' Equity Accounts payable $ 256,000 822,000 Common stock Retained earnings 257,600 $1,335,600 Total liabilities and stockholders' equity December cash disbursements for merchandise purchases would be: Multiple Choice $186,400 $128,800 $196,800 $192,000