Farm Supply is located in a small town on the coast of Califomia. Data regarding the store's operations follow Sales are budgeted at 306,554 for November, $ 322,412 for December, and $ 235,978 for January Collections are expected to be 70% in the month of sale and 30% in the month following the salo The cost of goods sold is 75% of sales The company desires to have an ending merchandise inventory at the end of each month equal to 80% 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 $22.400. Monthly depreciation is 527,500 Ignore taxes Balance Sheet October 31 Assets Cash $ 33.000 Accounts receivable 83,500 Merchandise inventory 181,800 Property, plant and equipment, net of 5424,000 accumulated depreciation 918.000 Total assets $1,216,300 Liabilities and Stockholders' Equity Accounts payable $ 252,000 Common stock 753,000 Retained earnings 211,300 Total liabilities and stockholders' equity $1,216,300 Calculate the difference between cash receipts and cash disbursements for December Hint: Range of answer is 45.0000 to 60,000