Botanical Company sells one product, herbal soap, by the case. On October 1, 20X7, part of the trial balance showed the following: (Click the icon to view the partial trial balance.) The company pays for its purchases within 10 days of purchase, so assume that one-third of the purchases of any month are due and paid for in the following month. The cost of the merchandise purchased is $10 per case. At the end of each month, it is desired to have an inventory equal in units to 60% of the following month's sales in units. (Click the icon to view the sales data.) Exclusive of bad debts, total budgeted selling and general administrative expenses for the fiscal year are estimated at $76,000, of which $20,000 is fixed expense (which includes a $6,800 annual depreciation charge). The Botanical Company incurs these fixed expenses uniformly throughout the year. The balance of the selling and general administrative expenses varies with sales. Expenses are paid as incurred. Requirement 1. Prepare a statement of estimated cash receipts and disbursements for October 20X7 for the Botanical Company.