The Banderas Company, a merchandising firm, has budgeted its activity for December according to the following information:
1) Sales at $550,000, all for cash.
2) Merchandise inventory on November 30 was $300,000.
3) Budgeted depreciation for December is $35,000.
4) The cash balance at December 1 was $25,000.
5) Selling and administrative expenses are budgeted at $60,000 for December and are paid in cash.
6) The planned merchandise inventory on December 31 is $270,000.
7) The invoice cost for merchandise purchases represents 75% of the sales price. All purchases are paid for in cash.
The budgeted cash disbursements for December are: