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: O $363,000 $484,000 $121,000 $509,000