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

	Sales are budgeted at $220,000 for November, $240,000 for December, and $230,000 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 60% of sales.
	The company would like to maintain ending merchandise inventories equal to 50% 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 $21,900.
	Monthly depreciation is $19,800.
	Ignore taxes.

Expected cash collections in December are:

$118,800

$108,000

$240,000

$226,800