Calgon Products, a distributor of organic beverages needs a cash budget for September. The following information is available a. The cash balance at the beginning of September is $9 250 b.Actual sales for July and August and expected sales for September are as shown below. Sales on account are collected over a three month period as follows: 10% collected in the month of sale, 70% collected in the month following sale and 18% collected in the second month following sale The remaining 2% is uncollectible: July August $ 000 $ 5,500 September S600 Cash sales Sales on account 22 500 35.000 45.000 Total sales $29,500 $40.500 $52,600 c. Purchases of inventory will total $27500 for September. Twenty percent of a month's inventory purchases are paid for during the month of purchase. The accounts payable remaining from August's Inventory purchases total $19.000. all of which will be paid in September d.Selling and administrative expenses are budgeted at $15.500 for September. Or this amount, $5000 is for depreciation e Equipment costing $20.500 will be purchased for cash during September, and . Calgon Products, a distributor of organic beverages needs a cash budget for September. The following information is available a. The cash balance at the beginning of September is $9 250 b.Actual sales for July and August and expected sales for September are as shown below. Sales on account are collected over a three month period as follows: 10% collected in the month of sale, 70% collected in the month following sale and 18% collected in the second month following sale The remaining 2% is uncollectible: July August $ 000 $ 5,500 September S600 Cash sales Sales on account 22 500 35.000 45.000 Total sales $29,500 $40.500 $52,600 c. Purchases of inventory will total $27500 for September. Twenty percent of a month's inventory purchases are paid for during the month of purchase. The accounts payable remaining from August's Inventory purchases total $19.000. all of which will be paid in September d.Selling and administrative expenses are budgeted at $15.500 for September. Or this amount, $5000 is for depreciation e Equipment costing $20.500 will be purchased for cash during September, and