INC company's data regarding the store's operations follow: Sales are budgeted at $220,000 for November, $200,000 for December, and $210,000 for January. Collections are expected to be 70% in the month of sale, 27% in the month following the sale, and 3% uncollectible. The cost of goods sold is 65% of sales. The company desires to have an ending merchandise inventory at the end of each month equal to 50% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. 1. Expected cash collections in December are: 2. December cash disbursements for merchandise purchases would be: 3. The accounts receivable balance, net of uncollectible accounts, at the end of December would be: 4. Accounts payable at the end of December would be