ACME Incorporated, a retailer, budgeted sales for the fourth quarter of 2023 as follows:

Month	October	November	December	Total
Sales	$225,000	$230,000	$235,000	$690,000

All Sales are made on account and are collected 40% in the month of the sale with the remainder being collected in the month following the sale.

The company requires a minimum cash balance of $15,000 to start each month. There is currently no balance on the line of credit, and interest is paid at the beginning of the following month. The budgeted cash balance at the end of the third quarter is $100,000.

All costs are paid in the month incurred except for the following:

Inventory purchases: 60% paid in the current month, balance paid the following month

Capital purchases: 10% cash, balance financed through long-term borrowing.

The following additional information has been provided for October:

Operating Expenses, excluding depreciation	$65,000
Depreciation expense	$19,000
Inventory purchases	$200,000
Equipment purchased	$80,000
Dividends declared, payable November 15, 2023	$50,000
Accounts payable balance, October 01, 2023	$48,000
Accounts receivable balance, October 01, 2023	$42,000

Required:

Prepare a cash budget for the month of October 2023.

Determine the budgeted accounts receivable balance at December 01 and December 31, 2023.