Inc. reported the following information for 2021:

October November December

Budgeted sales $460,000 $440,000 $540,000

Budgeted purchases $240,000 $256,000 $288,000

All sales are on credit.

Customer amounts on account are collected 50% in the month of sale and 50% in the following month.

Cost of goods sold is 35% of sales.

Vaughan purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month.

Accounts payable is used only for inventory acquisitions.

Variable S&A are 10% of Sales.

Fixed S&A are $7,000 with $2,000 of that amount being depreciation.

The November 1 cash balance was $25,000.

What is the anticipated cash balance at the end of November?

A. $174,400

B. $158,000

C.$176,400

D. $160,000