The financial statements of NOVEMBER, INC. for 20X1 follow:

NOVEMBER, INC Balance Sheet December 31, 20X1
Cash	$90
Accounts receivable (net)	225
Other current assets	45	$360
Long-term assets	$750
Less: Accumulated depreciation	150	600
Total assets	$960
Expenses payable	$180
Mortgage payable	360	$540
Common stock	$200
Retained earnings	220	420
Total liabilities and equities	$960

NOVEMBER, INC Income Statement For the year ending December 31, 20X1
Revenues	$2,000
Expenses	1,500
Net Income	$500

Other information:

a. Revenues for 20X2 are expected to increase by 10%.

b. Fixed expenses will remain constant at $500; the remaining expenses will continue to vary directly and proportionally with revenues.

c. Accounts receivable at December 31, 20X2 are expected to be 10% of 20X2 revenue.

d. NOVEMBER plans a fixed (long-term) asset addition on January 1, 20X2 with a cost of $250. All fixed (long-term) assets have a useful life of 10 years, are depreciated on a straight-line basis and have no anticipated salvage value.

e. Expenses payable at December 31, 20X2 are expected to total 20% of total expenses.

f. The 20X2 payment on the mortgage is $60 which included $ 10 of interest expense (that is $50 of principal and $10 of interest expense).

g. NOVEMBER plans to pay a dividend of $50 during 20X2.

h. The other current assets at December 31, 20X2 are expected to decrease by $25 to $20 at December 31, 20X2 (because of the sale [at cost] of an asset included in other current assets at December 31, 20x1 during 20X2).

i. During 20X2, common stock was sold for $600.

Required Total cash receipts from all sources for 20x2 were Total cash payments for all purposes during 20X2 were