Sales are budgeted at $350,000 for November, $330,000 for December, and $340,000 for January. Collections are expected to be 70% in the month of the sale, 26% in the month following the sale, and 4% uncollectable. The cost of goods sold is 70% of sales. The company purchases 50% of its merchandise in the month prior to the month of sale and 50% in the month of the sale. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $20,100. Monthly depreciation is $22,000. Ignore taxes