19) The following information pertains to Ortega Corporation: Month Sales July $15,000 August 17,000 September 19,000 October 21,000 November 24,000 December 30,000 Purchases $5,000 6,000 7,000 8,000 9,000 10,000 Cash is collected from customers in the following manner: Month of sale (2% cash discount) 30% Month following sale 50% Two months following sale 15% Amount uncollectible 5% 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Required: a. Prepare a summary of cash collections for the 4th quarter. b. Prepare a summary of cash disbursements for the 4th quarter.