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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 $$410,000$ for November, $$390,000$ for December, and $$380,000$ for January.

Collections are expected to be $50\%$ in the month of sale and $50\%$ in the month following the sale.

The cost of goods sold is $80\%$ of sales.

The company would like to maintain ending merchandise inventories equal to $70\%$ 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 $$24,700.$

Monthly depreciation is $$15,700.$

Ignore taxes.

Balance Sheet

October $31$

Assets

Cash $ $20,700$

Accounts receivable $70,700$

Merchandise inventory $229,600$

Property, plant and equipment, net of $$572,700$ accumulated depreciation $1,094,700$

Total assets $ $1,415,700$

Liabilities and Shareholder's Equity

Accounts payable $ $254,700$

Common shares $820,700$

Retained earnings $340,300$

Total liabilities and shareholder's equity $ $1,415,700$

Expected cash collections in December are:

a$.$

$$195,000$

b$.$

$$390,000$

c$.$

$$400,000$

d$.$

$$205,000$