Yummy Smells Corporation is a brand new wholesaler of exquisite candle products. Data regarding the store's operations follow: . Sales are budgeted at $350,000 for October, $330,000 for November, and $320,000 for December. Collections are expected to be 45% In the month of sale and 55% in the month following the sale. The cost of goods sold is 75% of sales. The company would like to maintain ending merchandise Inventories equal to 80% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $24,100. Monthly depreciation is $15,100. Ignore taxes. Assets Cash Accounts receivable Merchandise inventory Balance Sheet September 31 Property, plant and equipment, net of $572,100 accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity November cash disbursements for merchandise purchases would be: Multiple Choice $192,000 $250,500 $247,500 $241,500 $ 20,100 70,100 210,000 1,094,100 $1,394,300 $ 254,100 820,100 320,100 $1,394,300