Brarin Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:

	Sales are budgeted at $420,000 for November, $440,000 for December, and $430,000 for January.
	Collections are expected to be 55% in the month of sale, 42% 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 $23,900.
	Monthly depreciation is $21,800.
	Ignore taxes.

The difference between cash receipts and cash disbursements in December would be:

$40,500

$112,800

$15,000

$92,100