Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow:

Sales are budgeted at $$320,000$ for November, $$340,000$ for December, and $$330,000$ for January.

Collections are expected to be $75\%$ in the month of sale and $25\%$ in the month following the sale.

The cost of goods sold is $66\%$ of sales.

The company desires an ending merchandise inventory equal to $80\%$ of the cost of goods sold in the following month.

Payment for merchandise is made in the month following the purchase.

Other monthly expenses to be paid in cash are $$22,000.$

Monthly depreciation is $$21,800.$

Ignore taxes.

$\backslash$table$[[,\backslash$table$[[$Balance Sheet$],[$October $31]]],[$Assets$,$$$2,800.],[$Cash$,83,800],[$Accounts receivable,$168,960],[$Merchandise inventory,$1,012,000$