Brarin Corporation is a small wholesaler of gourmet food products Data regarding the store's operations follow: Sales are budgeted at $340,000 for November. $360,000 for December, and $350,000 for January. Collections are expected to be 55% in the month of sale. 44% in the month following the sale, and 1% uncollectible 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 $23,100. Monthly depreciation is $21,000. Ignore taxes. Expected cash collections in December are: $360,000 $149,600 $198,000 $347,600