Corporation's operational data are below: Sales are budgeted at $260,000 for November, $259,000 for December, and $210,000 for January, All sales are credit sales - Collections are expected to be 80% in the month of sale, 19% in the month following the sale, and 1% uncollectible The cost of goods sold is 65% of sales. - The company desires to have an ending merchandise inventory at the end of each month equal to 60% 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 $20,300. - Monthly depreciation is $20,000. - lanore taxes Q) December cash disbursements for merchandise purchases would be: A) $