Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: - Sales are budgeted at $305,000 for November, $325,000 for December, and $225,000 for January. - Collections are expected to be 65% in the month 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 merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $22,600. - Monthly depreciation is $28,500. - Ignore taxes. The difference between cash receipts and cash disbursements for December would be: The difference between cash recelpts and cash disbursements for December would be: Multiple Choice $25,900 $13,500 $6,200 $40.200