Dilly Farm Supply Is Located in a Small Town in the Rural

Dilly Farm Supply is located in a small town in the rural west. Data regarding the store's operations follow: $\bullet$ Sales are budgeted at $290,000 for November, $310,000 for December, and $210,000 for January.
$\bullet$ Collections are expected to be 65% in the month of sale and 35% in the month following the sale.
$\bullet$ The cost of goods sold is 80% of sales.
$\bullet$ The company desires to have an ending merchandise inventory at the end of each month equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.
$\bullet$ Other monthly expenses to be paid in cash are $21,100.
$\bullet$ Monthly depreciation is $21,000.
$\bullet$ Ignore taxes.
The cash balance at the end of December would be:

A) $69,100
B) $25,000
C) $57,900
D) $38,300