Helo Day Farm Supply located in a small town in the rural west Data regarding the store's operations follow 9 Sales are budgeted at $100.000 for November $320.000 for December, and $220,000 for January . Collections are expected to be on the month of sale and 30 in the month following the sale The cost of goods sold of sales The company desire 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 merchandises made in the month flowing the purchase Other more expenses to be pod in cash are $22.100 Monty deprecationis 526.000 Ignore taxes Balance Sheet October 31 Accounts receivable Merchandise inventory Property, plant and equipment, net of $624,000 accumulated depreciation Total assets Lilities and Stockholders' Equity Accounts payable $10.000 82.000 180,00 1,014,000 $1,100,000 $ 20,000 70, 310, $1,000 Total liabilities and stockholders' equity Betoned earnings at the end of December would be 55100 Multiple Choice $358,000 $345700 $368,800 G O $310,000