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

Sales are budgeted at $300,000 for November, $320,000 for December, and $220,000 for January.

Collections are expected to be 70% in the month of sale and 30% in the month following the sale.

The cost of goods sold is 75% of sales.

The company desires to have an ending merchandise inventory at the end of each month equal to 80% 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 $22,100.

Monthly depreciation is $26,000.

Ignore taxes.

Balance Sheet October 31
Assets
Cash	$	30,000
Accounts receivable		82,000
Merchandise inventory		180,000
Property, plant and equipment, net of $624,000 accumulated depreciation		1,014,000
Total assets	$	1,306,000
Liabilities and Stockholders' Equity
Accounts payable	$	246,000
Common stock		750,000
Retained earnings		310,000
Total liabilities and stockholders' equity	$	1,306,000

The cost of December merchandise purchases would be:

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

Sales are budgeted at $307,000 for November, $327,000 for December, and $227,000 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 75% 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 $22,800.

Monthly depreciation is $29,500.

Ignore taxes.

Balance Sheet October 31
Assets
Cash	$	35,000
Accounts receivable		85,500
Merchandise inventory		207,225
Property, plant and equipment, net of $624,000 accumulated depreciation		922,000
Total assets	$	1,249,725
Liabilities and Stockholders' Equity
Accounts payable	$	256,000
Common stock		757,000
Retained earnings		236,725
Total liabilities and stockholders' equity	$	1,249,725

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

Dilly Farm Supply is located in a small 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 sold is 75% 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 $20,100.

Monthly depreciation is $22,000.

Ignore taxes.

Balance Sheet October 31
Assets
Cash	$	29,000
Accounts receivable		78,000
Merchandise inventory		189,675
Property, plant and equipment, net of $624,000 accumulated depreciation		1,006,000
Total assets	$	1,302,675
Liabilities and Stockholders' Equity
Accounts payable	$	241,000
Common stock		742,000
Retained earnings		319,675
Total liabilities and stockholders' equity	$	1,295,400

Accounts payable at the end of December would be:

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

Retained earnings at the end of December would be:

BELOW EACH BALANCE SHEET IS THE QUESTION I AM LOOKING AN ANSWER TO. THANK YOU