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Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations...

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Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow Sales are budgeted at $420,000 for November, $400,000 for December, and $390,000 for January Collections are expected to be 55% in the month of sale and 45% in the month following the sale. The cost of goods sold is 70% of sales, The company would like to maintain ending merchandise inventories equal to 60% 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 $24.800 Monthly depreciation is $15,800. Ignore taxes Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $572,800 accumulated depreciation Total assets Liabilities and stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 20,00 70,800 176,400 1.094, $ 1,362,800 254,800 820,800 207,200 $ 1,362,800 The difference between cash receipts and cash disbursements for December would be

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