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Please help me solve this problem. Here is the complete question below. 19. The Adams Corporation, a merchandising firm, has budgeted its activity for November

Please help me solve this problem. Here is the complete question below.

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19. The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following Information: - Sales at $510,000, all for cash. - Merchandise Inventory on October 31 was $230,000. - The cash balance November 1 was $24,000. Selling and administrative expenses are budgeted at $78,000 for November and are paid for In cash. - Budgeted depreciation for November Is $37,000. - The planned merchandise inventory on November 30 is $260,000. - The cost of goods sold Is 70% of the selling price - All purchases are paid for in cash. - There Is no interest expense or Income tax expense. The budgeted cash receipts for November are: $135,000 O $510,000 $375,000 $547,000

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