Help Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Savez Sales are budgeted at $260,000 for November. $240,000 for December, and $230,000 for January Collections are expected to be 55% in the month of sale and 45% 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 $23,200. Monthly depreciation is $14,200. Ignore taxes. $ Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $574,000 accumulated depreciation Total assets 22,000 72,000 145,600 1,096,000 $1,335,600 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 256,000 822,000 257,600 $1,335,600 Multiple Choice $208,000 $128,800 $192,000 $186,400 Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: . Sales are budgeted at $260,000 for November, $240,000 for December, and $230,000 for January Collections are expected to be 55% in the month of sale and 45% 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 $23,200. Monthly depreciation is $14,200. Ignore taxes. Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $574,000 accumulated depreciation Total assets $ 22,000 72,000 145, 600 1,096,000 $1,335,600 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 256,000 822,000 257,600 $1,335,600 The cost of December merchandise ourchases would be