Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: Sales are budgeted at $310,000 for November, $330,000 for December, and $230,000 for January.

Collections are expected to be 60% in the month of sale and 40% in the month following the sale. The cost of goods sold is 70% of sales. The company desires to have an ending merchandise 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 $23,100. Monthly depreciation is $31,000. Ignore taxes.

Balance Sheet October 31

Assets

Cash $ 36,500

Accounts receivable 87,000

Merchandise inventory 195,300

Property, plant and equipment, net of $624,000

accumulated depreciation 925,000

Total assets $ 1,243,800

Liabilities and Stockholders' Equity

Accounts payable $ 259,000

Common stock 760,000

Retained earnings 224,800

Total liabilities and stockholders' equity $ 1,243,800

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