Bramble corporation is a small wholesaler of gourmet food products. data regarding the store's operations follow: sales are budgeted at $290,000 for november, $270,000 for december, and $260,000 for january. collections are expected to be 40% in the month of sale and 60% 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 65% 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 $23,500. monthly depreciation is $14,500. ignore taxes. december cash disbursements for merchandise purchases would be:
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