The Argentina Company, a merchandising firm, has budgeted its activity for November according to the following information: Sales at $590,000, all for cash. Merchandise inventory on October 31 was $270,000. The cash balance November 1 was $32,000. Selling and administrative expenses are budgeted at $102,000 for November and are paid for in cash. Budgeted depreciation for November is $53,000. The planned merchandise inventory on November 30 is $300,000. 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: Multiple Choice 0 $455,000 O $590,000 0 $135,000 0 $643,000