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Dilly Farm Supply is located in a smail town in the rural west. Data regarding the store's operations follow; - Sales are budgeted at $281,000

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Dilly Farm Supply is located in a smail town in the rural west. Data regarding the store's operations follow; - Sales are budgeted at $281,000 for November, $321,000 for December, and $212,000 for January. - Collections are expected to be 75% in the month of sale and 25% in the month following the sale. - The cost of goods soid is 75% of sales. - The company desires to have an ending merchandiso inventory at the end of each month equal to 90% 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 $20,100. - Monthly depreciation is $22,000. - Ignore taxes. $311,000 $240,750 $70,250 $321,000

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