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Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: . Sales are budgeted at $251,000 for November, $291,000 for December, and $218,000 for January. . Collections are expected to be 60% in the month of sale and 40% in the month following the sale. . The cost ofgoods sold is 75% of sales. . The company desires to have an ending merchandise inventory at the end of each month equal to 90% ofthe 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 $20,000. . Monthly depreciation is $25,000. . Ignore taxes. Balance Sheet October 31 Assets Cash $ 26,000 Accounts receivable 81,000 Merchandise inventory 169,425 Property, plant and equipment, net of $624,000 accumulated depreciation 946,000 Total assets $ 1,222,425 Liabilities and Stockholders' Equity Accounts payable $ 247,000 Common stock 748,000 Retained earnings 227,425 Total liabilities and Stockholders' equity $ 1.222.425 The difference between cash receipts and cash disbursements for December would be: The difference between cash receipts and cash disbursements for December would be: Multiple Choice 0 $20750 $482 50 $13,750 0 0 $39,750 O