m 3 Covers 9,10,11,12,15 Sayed Help Save & E TB MC Qu. 8-118 Bramble Corporation is a small wholesaler ... 36 Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow. Ants 00:10:50 Sales are budgeted at $230,000 for November, $210,000 for December, and $200,000 for January . Collections are expected to be 40% in the month of sale and 60% in the month following the sale. The cost of goods sold is 65% of sales. The company would like to maintain ending merchandise inventories equal to 55% 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 $22,900. Monthly depreciation is $13,900. Ignore taxes Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $574,300 accumulated depreciation Total assets 22,300 72,300 82,225 1,096,300 $1,273, 125 vers 9,10,1132,156 Saved Help Sav October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $574,300 accumulated depreciation Total assets 22,300 72,300 82,225 1,096,300 $1,273, 125 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 256,300 822,300 194,525 $1,273, 125 Expected cash collections in December are: m 3 Covers 9,10,11,12,15 0 Hels 36 Multiple Choice ts $222.000 00:10:30 O 584,000 $138,000 $210,000 want English State FA MacBook 2 $ 4 % 5 2 3 6 7 W E R T Y S D F. G H