Dlltex Farm Supply Is located in a small town in the rural west Data regarding the store's operations follow: Sales are budgeted at $300,000 for November, $280,000 for December, and $290,000 for January. Collections are expected to be 67% in the month of sale, 30% in the month following the sale, and 3% uncollectible. The cost of goods sold is 65% of sales. The company desires to have an ending merchandise inventory at the end of each month equal to 60% 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 $26,500. Monthly depreciation is $17,500. Ignore taxes. December cash disbursements for merchandise purchases would be: $182,000 $325,600 $187,200 $113,100