Bus 215 Practice Merge Bower Corporation supplies hand-made, silver napkin weights. Data regarding the store's operations follow: - Sales are budgeted at $330,000 for November, $300,000 for December, and $320,000 for January. - Collections are expected to be 85% in the month of sale and 15% in the month following the sale. - The cost of goods sold is 60% of sales. - The company desires an ending merchandise inventory equal to 80% of the cost of goods sold in the following month. - Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $21,200. - Monthly depreciation is $21,000. - Ignore taxes