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

	Sales are budgeted at $460,000 for November, $480,000 for December, and $470,000 for January.
	Collections are expected to be 45% in the month of sale, 54% 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 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 $24,300.
	Monthly depreciation is $22,200.
	Ignore taxes.

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

$62,500

$83,200

$34,300

$17,000