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Co Corporation's operational data are below: - Sales are budgeted at $260,000 for November, $349,000 for December, and $210,000 for January. All sales are credit sales - Collections are expected to be 80% in the month of sale, 19% in the month following the sale, and 1% uncollectible. - The cost of goods sold is 65% of sales. (l' - The J company desires to have an ending merchandise inventory at the end of each month 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 $20,300. - Monthly depreciation is $20,000. - Ignore taxes o vecember cash disbursements for 's merchandise purchases would be: A. $