The Adams Corporation, a merchandising firm, has budgeted Its activity for November according to the following information: Sales at $510,000, all for cash. .Merchandise Inventory on October 31 was $230,000. The cash balance November 1 was $24,000. .Selling and administrative expenses are budgeted at $78ooo for November and are pald for In cash. .Budgeted depreciation for November $37000. .The planned merchandise Inventory on November 30 is $260,000. 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: O $375.000 O $510,000 O $135.000 O $547000