3. You are working as a financial analyst for XYZ Co., and you prepared the following sales and cash disbursement estimates for the period August through December of the current year. Month Sales Cash Disbursements August $400 $300 September 500 October November 400 December 700 500 80% of sales are for cash, the remaining 20% percent are collected one month later. All disbursements are on a cash basis. The firm wishes to maintain a minimum cash balance of $50. The beginning cash balance in September is $25. Prepare a cash budget for the months of October, November, and December, noting any needed financing or excess cash available. 500 500 600 700