1. The company's sales forecast for Premier Corporation is given below: September October August November December January Budgeted sales $20,000 $40,000 $70,000 $30,000 $30,000 $50,000 . Cash sales represent 40% of total sales. From past experience, the company has learned that 80% of a month's credit sales is collected in the month following the sale, and that the remaining 20% is collected in the second month following the sale. The average gross profit margin on sales is 30%. The policy is to acquire enough inventory each month to equal the following month's expected cost of goods sold. Inventory purchases are paid in full in the month following the purchases. Required: Prepare, for the fourth quarter: (10 pts.) (1) Sales Budget; (2) Cash Collections from Customers Schedule; (3) Purchases Budget; and (4) Disbursements for Purchases Schedule