please help! i took extra pics for clarity. thank you

Day Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow Sales are budgeted at $304.000 for November, $324,000 for December and $224000 for January . Collections are expected to be 60% in the month of sale and 40% in the month following the sale The cost of goods sold is 75% of sales The company desires to have an ending merchandise inventory at the end of each month equal to 90% of the next month's cost of goods sold Payment for merchandises made in the month following the purchase . Other monthly expenses to be paid in cash are $22500 Monthly depreciation is $28,000 . Ignore taxes 5 Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $624,000 accumulated depreciation Total assets 33,500 84.000 205,200 919,000 $1,241,700 Liabilities and Stockholders Equity Accounts payable Coonon stock Retained earnings Total liabilities and stockholders' equity 5253,000 754,000 234,700 $1,241,700 Retalned earnings at the end of December would be: Multiple Choice O $290.700 O $267,200 O $285,100 $234,700 The cost of goods sold is 75% of sales. . The company desires to have an ending merchandise Inventory at the end of each month equal to the month following the purchase. Other monthly expenses to be paid in cash are $22,500. Monthly depreciation is $28,000. Ignore taxes $ Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $624,000 accumulated depreciation Total assets 33,500 84,000 205, 200 919,000 $1,241,700 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 253,000 754,000 234,700 $1,241,700