Carner Lumber sells lumber and general building supplies to building contractors In a medium-sized town In Montana. Data regarding the store's operations follow: Sales are budgeted at $390,000 for November, $380,000 for December, and $360,000 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 61% of sales. The company purchases 25% of Its merchandise in the month prior to the month of sale and 75% 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 $24,400. Monthly depreciation is $15,300. Ignore taxes