Corporation's operational data are below: - Sales are budgeted at $260,000 for November, $427,000 for December, and $210,000 for January. All sales are credit sales. - Collections are expected to be 80% in the month of sale, 19% in the month fllowing the sale, and 1% uncollectible. - The company desires to have an ending merchandise inventory at the end of each month equal to 60% 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 $20,300. - Monthly depreciation is $20,000. lgnore taxes. Q.) December cash disbursements for merchandise purchases would be: