please answer question completely using multiple choice.

Help Save a Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budgeted at $300,000 for November, $280,000 for December, and $270,000 for January Collections are expected to be 65% in the month of sale and 35% in the month following the sale. The cost of goods sold is 70% of sales. The company would like to maintain ending merchandise inventories equal to 60% of the next month's cost of goods sold. Payment fo merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $23,600. Monthly depreciation is $14,600. Ignore taxes Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, net of $573,600 accumulated depreciation Total assets 21,600 71,600 126,000 1,095,600 $1,314,800 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 255,600 821,600 237,600 $1,314,800 The cost of December merchandise purchases would be: Multiple Choice $210,000 $113,400 $191,800 $196,000