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 Inventorles 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. . Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $572,500 accumulated depreciation Total assets $ 20, 500 70,500 218,400 1,094,500 $1,403,900 Liabilities and stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 254,500 820, 500 328,900 $1,403, 900 December cash disbursements for merchandise purchases would be December cash disbursements for merchandise purchases would be: Multiple Choice $201.600 $300.800 $296.000 5290.400