Bearcat Corporation provided the following information: Purchases Sales August 126,500.00 182,000.00 September 132,600.00 175,000.00 October 137,000.00 163,000.00 November 150,500.00 155,000.00 December 162,800.00 153,000.00 Customers pay 60% of their balances in the month of sale, 30% in the month following sale, and 10% in the second month following sale. The company pays all invoices in the month following purchase and takes advantage of a 2% discount on all amounts due. Cash payments for operating expenses in December will be $108,200; Bearcat's cash balance on December 1 was $162,900. Required: 1. What are the five purposes behind budgeting according to your textbook? Link each of these purposes to your current work or to the job you plan to pursue after graduation. This answer should be approximately a page in length if double-spaced. Remember to cite any sources used. 2. For Bearcat Corporation, determine the following: a. Expected cash collections during December. b. Expected cash disbursements during December. c. Expected cash balance on December 31. 3. Answer the following questions about Bearcat: a. Is Bearcats cash position sustainable in the long-term? In other words, if Bearcat had a year with the same type of cash received or cash paid, would Bearcat run into any issues? b. If Bearcat ever shows a negative cash balance, what are two options Bearcat could pursue to make up the cash shortfall?