Day Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow, Sales are budgeted at $290,000 for November, $310,000 for December, and $210,000 for January Collections are expected to be 65% in the month of sale and 35% in the month following the sale The cost of goods sold is 80% of sales The company desires to have an ending merchandise Inventory at the end of each month equal to 70% 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 $21100, Monthly depreciation is $21000 Tonore taxes Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $624,000 accumulated depreciation Total assets Liabilities and Stockholders' Equity Recounts payable Common stock Betained earnings Total liabilities and stockholders' equity $ 25,000 77,000 162,400 1,026,000 $1.290, 400 $ 239,000 740,000 311,400 $1.290.400 The difference between cash receipts and cash disbursements for December would be