Braston Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: ? Sales are budgeted at $350,000 for November, $330,000 for December, and $340,000 for January. ? Collections are expected to be 70% in the month of sale, 26% in the month following the sale, and 4% uncollectible. ? The cost of goods sold is 70% of sales. ? The company purchases 50% of its merchandise in the month prior to the month of sale and 50% in the month of sale. Payment for merchandise is made in the month following the purchase. ? Other monthly expenses to be paid in cash are $20,100. ? Monthly depreciation is $22,000. ? Ignore taxes. 3. December cash disbursements for merchandise purchases would be: A. $119,000 B. $234,500 C. $231,000 D. $238,000 4. The excess (deficiency) of cash available over disbursements for December would be: A. $20,200 B. $107,600 C. $43,700 D. $63,900