Cash budget-Advanced The actual sales and purchases for Xenocore, Inc., for September and October 2019, along with its forecast sales and purchases for the period November 2019 through April 2020, follow . The firm makes 18% of all sales for cash and collects on 41% of its sales in each of the 2 months following the sale. Other cash inflows are expected to be $10,000 in September and April, $15,000 in January and March, and $26,000 in February. The firm pays cash for 1 1% of its purchases. It pays for 49% of its purchases in the following month and for 40% of its purchases 2 months later. Wages and salaries amount to 21% of the preceding month's sales. Rent of $22,000 per month must be paid. Interest payments of $9,000 are due in January and April. A principal payment of $31,000 is also due in April. The firm expects to pay cash dividends of $18,000 in January and April. Taxes of $76,000 are due in Apil. The firm also intends to make a $23,000 cash purchase of fixed assets in December a. Assuming that the firm has a cash balance of $21,000 at the beginning of November, determine the end-of-month cash balances for each month, November through April b. Assuming that the firm wishes to maintain a $16,000 minimum cash balance, determine the required total financing or excess cash balance for each month, November through April. c. If the firm were requesting a line of credit to cover needed financing for the period November to April, how large would this line have to be? Explain your