Goldman has the following budget plans:

• Sales are budgeted at $440,000 for November, $420,000 for December, and $410,000 for January.
• Collections are expected to be 65% in the month of sale and 35% in the month following the sale.
• The cost of goods sold is 80% of sales.
• The company would like to maintain ending merchandise inventories equal to 70% 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 $25,000.
• Monthly depreciation is $16,000.

Balance Sheet
October 31
Assets
Cash	$ 21,000
Accounts receivable	71,000
Merchandise inventory	246,400
Property, plant, and equipment (net of $573,000 accumulated depreciation)	1,095,000
Total assets	$ 1,433,400
Liabilities and stockholders equity
Accounts payable	$ 255,000
Common stock	821,000
Retained earnings	357,400
Total liabilities and stockholders equity	$ 1,433,400

Calculate the following amounts for the balance sheet at November 30:

Cash

Accounts receivable

Inventory

Accounts payable

Retained earnings