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

Sales at $516,000, all for cash.

Merchandise inventory on October 31 was $208,000.

The cash balance November 1 was $23,500.

Selling and administrative expenses are budgeted at $81,900 for November and are paid for in cash.

Budgeted depreciation for November is $27,900.

The planned merchandise inventory on November 30 is $238,500.

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:

$541,000

$361,200

$516,000

$154,800