Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow:

Sales are budgeted at $370,000 for November, $350,000 for December, and $340,000 for January.

Collections are expected to be 55% in the month of sale and 45% in the month following the sale.

The cost of goods sold is 70% of sales.

The company would like maintain ending merchandise inventories 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 $24,300.

Monthly depreciation is $15,300.

Ignore taxes.

Balance Sheet
October 31
Assets
Cash $ 20,000
Accounts receivable 70,000
Merchandise inventory 153,000
Property, plant and equipment, net of $572,000 accumulated depreciation 1,094,000
Total assets $ 1,337,000
Liabilities and Stockholders' Equity
Accounts payable $ 254,000
Common stock 820,000
Retained earnings 263,000
Total liabilities and stockholders' equity $ 1,337,000

The difference between cash receipts and cash disbursements for December would be:

a.$84,100

b.$63,075

c.$39,400

d.$127,600