Budgeted sales August September October November December January $20,000 $30,000 $50,000 $40,000 $70,000 $30,000 Cash sales represent..40% of total sales. From past experience, the company has learned that 80% of a month's credit sales is collected in the month following the sale, and that the remaining 20% is collected in the second month following the sale. The average gross profit margin on sales is 30%. The policy is to acquire enough inventory each month to equal the following month's expected cost of goods sold. Inventory purchases are paid in full in the month following the purchases. Required: Prepare, for the fourth quarter (1) Sales Budget; (2) Cash Collections from Customers Schedule; (3) Purchases Budgetimand (4) Disbursements for Purchases Schedule