Brarin Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow Sales are budgeted at $370,000 for November, $390,000 for December, and $390,000 for January . Collections are expected to be 80% in the month of sale, 17% in the month following the sale, and 3% uncollectible The cost of goods sold is 70% of sales The company would like to maintain ending merchandise inventories equal to 60% 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 $22,100 . Monthly depreciation is $19,300 Ignore taxes Balance Sheet October 31 Assets Cash Accounts receivable, net of allowance for uncollectible accounts Merchandise inventory Property, plant and equipment, net of $607,000 accumulated depreciation Total assets $31,000 79,000 155,400 1185,000 $1,450,400 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings lotal liabilities and stockholders' equity $224,400 870,000 356,000 $1,450,400 The difference between cash receipts and cash disbursements in December would be