Dilly f arm Supply is located in a small town in the rural west. Data regarding the store's operations follow

Sales are budgeted at $$206,000$ for November, $436,900$ for December, and $$246,000$ for tanuary

Collections are expected to be $65\%$ in the monith 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 menchandise is mate in the minth for purchase:

Other monthly expenses to be paid in cash are $$21,700$

Monthly depreciation is $$21,900$

Ignore taxes.

Balance Sheet

October $31$

The difference between cash receipts and cash disbursements for December would be:

Muliple Choice