Dily Farm Supply s located in a smoll town in the rural west. Data regarding the store's aperations follow: - Soles are budgeted at $294,000 for November, $314,000 for December, and $214,000 for J anuary - 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 saies. - The company desires to have an ending merchandise iriventory at the end of each month equal to Bow, of the hext moakh's cost af goods sold Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in castr are $21,500. - Morithly depreciston is 523,000 - Ignore taxes The difference between cesh recelpts and cash disbursements for December would be: $34,250 $54,000 $88,250 $27,000