1. The following information is from Barkley's Auto Alarm Company financial records. Collections from customers are normally 70% in the month of sale, 20% in the month following the sale, and 9% in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 2% discount allowed on purchases paid for by the tenth of the following month. Purchases for December are budgeted at $60,000, and sales for December are forecasted at $66,000. Cash disbursements for expenses are expected to be $14,400 for the month of December. The company's cash balance on December 1 was $22,000. Month Sales Purchases August $72,000 $42,000 September $66,000 $48,000 October $60.000 $36,000 November $78,000 $54,000 Required: Prepare the following schedules: A. Expected cash collections during December. B. Expected cash disbursements during December. C. Expected cash balance on December 31