all Company is a merchandising company that sells a single product. The company's inventorie production, and sales in units for the next three months have been forecasted as follows: October November December 70,000 $750,000 35,000 $750,000 60,000 $630,000 Merchandise purchases Cash collection Merchandise is purchased for $7 per unit. Half of the purchases are paid for in the month of the purchase and the remainder is paid in the month following purchase. Selling and administrative expenses are expected to total $120,000 each month. One half of these expenses will be paid in the month in which they are incurred and the balance will be paid in the following month. There is no depreciation. Accounts payable at September 30 totaled $290,000 Cash at September 30 totaled $80,000. A payment of $300,000 for purchase of equipment is scheduled for November, and a dividend of $200,000 is to be paid in December. Required: a. Prepare a schedule showing expected cash disbursements for merchandise purchases and selling and b. Prepare a cash budget in good form for each of the months October, November, and December. administrative expenses for each of the months October, November, and December. There is no minimum required ending cash balance