Dily Farm Supply located in a small town the rural west Data regarding the store's operations follow. 9 Sales are bugete 30.00 for November $325,000 for December, and $225.000 for January . Collectors expected to be on the month of sale and the more following the sale The cost of goods sold of + The company desres to have ending merchandise invertory at the end of each month equal to 70% of the next mone's cost of goods sold Payment for merchandises made in the month olong the purchase Other month bead cash are $22.600 Monthly depreciations $28.500 loret Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plantadient set of 5620.000 clated depreciation Total assets abilities and Steelers wity Accounts payable Coro Retained earning Total abilities and stockholdersity 920,000 $ 1,200,100 254,00 295, $ 1,200,300 Henders the end of December Webe Me Choice 1100,00