Data for Yipuum375, a large merchandise, is below: Sales are budgeted at $306,000 for November, $326,000 for December, and $226.000 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 sales Ypuum375 desires to have an ending merchandise inventory at the end of each month equal to 80%- Other monthly expenses to be paid in cash are $22,700 Monthly depreciation is $29,000. Ignore taxes. D#32143) next month's cost of goods sold. Payment for merchandise is made in the moth folowing the purches Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $624,000 accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity 375 in December? 34.500 85,000 289,900 921,000 $1,330,400 $255,000 756,000 319,400 $1,330,400 Q) What are the expected cash collections for Ylpuum375 In December? Multiple Choice O $228,200 $326,000 $320,000 $91,800