6. A corporation is December. The following data are relevant: preparing an analysis of cash inflows and cash outflows for November and Cash sales er January $200,000 $300,000 $400,000 Credit sales Total sales S1.000 $1,200,000 $1,500,000 $2,000,000 $2,000,000 The company collects 50% of its credit sales in the month of the sale and the remaining 50% in the month after the sale. Management orders materials equal to 80% of the following month's projected total sales. These supplies are received in the month ordered and paid for the next month when the finished are paid in the same month. A dividend of $200,000 will be paid in December. products are sold. Fixed cost expenses equal $600,000 each month and (a) Calculate the total cash collections for November and December. November December Cash sales Collections, same month Collections, last month Total cash collections (b) Calculate the total cash payments for November and December. November December Accounts payable Fixed costs Dividends paid Total cash payments (c) Calculate the accounts receivable balance as of the end of December. (d) Calculate the accounts payable balance as of the end of December