The following information relates to the next FOUR (4) questions: Pierce Creations is a retailer of fashion accessories. Budget data regarding the store's operations follow: Budgeted Sales: September October November $ 350,000 $ 320,000 $ 310,000 Expected Collections: 70% in the month of sale 20% in the month following the sale 5% in the second month following the sale 5% uncollectible Cost of Goods Sold: 70% of Sales Desired Ending Inventory of Merchandise: 50% of next month's Cost of Goods Sold Payment for Merchandise Purchased: 60% in the month of purchase 40% in the month following the purchase General and administrative expenses per month is $58,000 (of which depreciation, $18,000). 5 Budgeted October cash disbursements for merchandise purchases would be: A. $ 220,500 B. $ 226,100 C. $ 232,400 D. $ 323,000 E. None of the above