Data for Yipuum455, a large merchandiser, is below: Sales are budgeted at $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 sales. Yipuum455 desires to have an ending merchandise inventory at the end of each month equal to 80% 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 $22,400. Monthly depreciation is $27,500. . Ignore taxes. (ID#80825) Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $624,000 accumulated depreciation Total assets $ 33,000 83,500 288,400 918,000 $1,322,900 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity Q: What are the expected cash collections for Yipuum455 in December? $ 252,000 753,000 317,900 $1,322,900 Q: What are the expected cash collections for Yipuum455 in December? Multiple Choice $226,100 $323,000 $317,000 $90,900