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The Bandeiras Corporation, a merchandising firm, has budgeted its activity for December according to the following information:

Sales at $550,000, all for cash.

Merchandise inventory on November 30 was $300,000.

The cash balance at December 1 was $25,000.

Selling and administrative expenses are budgeted at $60,000 for December and are paid in cash.

Budgeted depreciation for December is $35,000.

The planned merchandise inventory on December 31 is $270,000.

The cost of goods sold is 75% of the sales price.

All purchases are paid for in cash.

There is no interest expense or income tax expense.

The budgeted cash disbursements for December are:

$382,500

$442,500

$472,500

$477,500