CF G H I LABC Company provided the following information for the month of October Cash sales Credit sales Total sales September October Actual Budget $ 19,500 $ 18,000 110,500 102,000 $ 130,000 #********* Based on past experience, the company estimates that uncollectible credit sales are: 4% Of the credit sales that are collectible, the collection pattern is as follows: Month of sales 70% Second month following sales 26% October inventory purchase September inventory purchase $ 83,000 $ 98,000 Payments for inventory are made as follows: Month of purchase Month following purchase 25% 75% Salaries and wages Rent per month Utilities per month Amortization per month Insurance per quarter to be paid in October $ 10,440 $ 3,600 $ 5,200 $ 500 $ 900 October 1 cash balance Walance $ 7,680 Required: Compute budgeted cash receipts for October (3 Marks) :) Compute budgeted cash disbursements for purchases for October. (2 Marks) ) Compute the cash disbursements for Administrati (2 Marks) expenses