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

Sales are budgeted at $293,000 for November, $313,000 for December, and $213,000 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 $21,400.

Monthly depreciation is $22,500.

Ignore taxes.

Balance Sheet

October 31

Assets

Cash $ 26,500

Accounts receivable 78,500

Merchandise inventory 164,080

Property, plant and equipment, net of $624,000 accumulated depreciation 1,007,000

Total assets $ 1,276,080

Liabilities and Stockholders' Equity

Accounts payable $ 239,000

Common stock 743,000

Retained earnings 294,080

Total liabilities and stockholders' equity $ 1,276,080

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