The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following Information . Sales at $480,000, all for cash . Merchandise Inventory on October 31 was $268,000. . The cash balance November 1 was $24.300 Selling and administrative expenses are budgeted at $78,000 for November and are pald for in cash. Budgeted depreclation for November is $27,000 The planned merchandise inventory on November 30 is $304,500 . The cost of goods sold is 60% of the selling price. . All purchases are paid for in cash. .There is no interest expense or Income tax expense. The budgeted cash disbursements for November are O $324,500 O $366.000 O $554.000 O $402.500 Type here to search 10