Eramble Corporation is a small wholesaler of gourmet food products, Data regarding the store's operations follow: - Sales are budpeted at $380,000 for November, $360,000 for December, and $350,000 for Januar. - Collections are expected to be 60% in the month of sale and 40% in the month following the sale. - The cost of goods sold is 75% of sales. - The company would like to maintain ending merchandise inventories equal to 65% of the next months cost of goods sold. Payment for merchand se is made in the month following the purchase. - Other monthly expenses to be poid in cash are $24,400 - Monthly depreciation is $15,400. - Ignore taxes. The difference between cash roceipts and cash disbursements for December would be: The difference between cash recelpts and cash disbursements for December would be: Multiple Choice $51,263 $68,350 538,475 $112.600