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

Sales at $484,000, all for cash.

Merchandise inventory on October 31 was $218,000.

The cash balance November 1 was $27,500.

Selling and administrative expenses are budgeted at $63,000 for November and are paid for in cash.

Budgeted depreciation for November is $29,800.

The planned merchandise inventory on November 30 is $250,000.

The cost of goods sold is 75% 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:

$363,000

$484,000

$121,000

$509,000