11 . A: 5) The following is information from the alsx books for the current year: Month June July August September October November December Purchases 5140,000 150,000 156,000 160,000 180,000 220,000 260,000 Sales $210,000 250,000 170,000 315,000 310,000 410,000 490,000 Collections: 20% in the month of sale with a 2% discount. 10% in the month of sale without a discount. 40% one month after the month of sale. 20% Two months after the month of sale. 6% Three months after the month of sale. 3% Four months after the month of sale. 1% Never collected . Purchases: All purchases are paid one month after the month of purchase with a 3% discount . Expenses: Expenses are $45,000 each month. . Cash balance on October 1, of the current year was $48.000 Prepare a cash budget for the fourth quarter of the current year and calculate the amount of cash they expect to have as of December 31, of the current year. (25 Points)