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

	Sales are budgeted at $360,000 for November, $380,000 for December, and $380,000 for January.
	Collections are expected to be 75% in the month of sale, 24% in the month following the sale, and 1% uncollectible.
	The cost of goods sold is 85% of sales.
	The company would like to maintain ending merchandise inventories equal to 75% 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 $22,000.
	Monthly depreciation is $19,200.
	Ignore taxes.

Balance Sheet
October 31
Assets
Cash	$30,000
Accounts receivable, net of allowance for uncollectible accounts	78,000
Merchandise inventory	229,500
Property, plant and equipment, net of $606,000 accumulated depreciation	1,180,000
Total assets	$1,517,500
Liabilities and Stockholders' Equity
Accounts payable	$302,750
Common stock	860,000
Retained earnings	354,750
Total liabilities and stockholders' equity	$1,517,500

Expected cash collections in December are:

$285,000

$371,400

$380,000

$86,400