Data for Relyatech, a large merchandiser, is below: - Sales are budgeted ot $303,000 for November, $323,000 for December, and $223,000 for January. - Collections are expected to be 70% in the month of sale and 30% in the month following the sale. - The cost of goods sold is 75% of soles. - Relyotech desires to have an ending merchandise inventory at the end of each month equal to BOW of the next morthis cost of goods sold. Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $22,400. Wivonthy deprecistion ts $27,500. - Ignore taxes. - (0D)64059) Q) What are the expected cash collections for RelyaTech in December? Mueste Choice $317000 322400 $323000 $90,000