View Policies Current Attempt in Progress Sheffield Corp. has budgeted its activity for December according to the following information: 1 Sales at $650000, all for cash. 2 Budgeted depreciation for December is $23000. 4. The cash balance at December 1 was $24000. 5. Selling and administrative expenses are budgeted at $68000 for December and are paid for in cash. 6. The planned merchandise inventory on December 31 and December 1 is $27000. 7. The invoice cost for merchandise purchases represents 75% of the sales price. All purchases are paid in cash. How much are the budgeted cash disbursements for December? O $558000 O $382500 O $508000 O $555500 Save for Later Attempts: 0 of 1 used Submit