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Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store’s operations follow:
October 31Assets Cash$22,200Accounts receivable 72,200Merchandise inventory 100,800Property, plant and equipment, net of $574,200 accumulated depreciation 1,096,200Total assets$1,291,400 Liabilities and Stockholders’ Equity Accounts payable$256,200Common stock 822,200Retained earnings 213,000Total liabilities and stockholders’ equity$1,291,400
The difference between cash receipts and cash disbursements for December would be:
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