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 micnth'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 depreclation is $29,500. - Ignore taxes