D. In the preparation of a quarterly cash budget, the following revenue and cost information have been compiled. The firm collects 60 percent of sales for cash and 40 percent of its sales one month later. - Interest income of $50,000 on marketable securities will be received in December. - The firm pays cash for 40 percent of its purchases. - The firm pays for 60 percent of its purchases the following month. - Salaries and wages amount to 15 percent of the preceding month's sales. - Sales commissions amount to 2 percent of the preceding month's sales. - Lease payments of $100,000 must be made each month. - A principal and interest payment on an outstanding loan is due in December of $150,000. - The firm pays dividends of $50,000 at the end of the quarter. - Fixed assets costing $600,000 will be purchased in December. - Depreciation expense each month of $45,000. - The firm has a beginning cash balance in October of $100,000 and maintains a minimum cash balance of $200,000. Prepare and evaluate a cash budget for the months of October, November, and December based on the information shown above