Donald Whittier, a financial analyst and your boss, has prepared the following sales and cash disbursement estimates for the period August through December of the current year. Sales 500 Month August September October November December Cash Disbursement $300 500 700 400 500 His assumptions are that ninety percent of sales are collected in cash the same month, and the remaining 10 percent are collected one month later. All disbursements are on a cash basis. The firm needs to maintain a minimum cash balance of $50, borrowing in each month as needed. Likewise, the firm will repay the loan balance each month with positive net cash flow; any net cash flow not needed to repay a loan balance will be kept in the cash account. The beginning cash balance in September is $25. Donald made a cash budget template, but has asked you to prepare the cash budget for the months of September October, November, and December Dec Aug 400 Sept 500 Oct 500 Nov 600 700 Cash Budget Sales Collections (Mo.) Collections (Mo, t-1) Total Receipts 100 500 500 600 700 Collections (Mo.t) Collections (Mo.t-1) Total Receipts Total Disbursements 0,0 Net Cash Flow - Beginning Cash Bal. Available Bal. Monthly Borrowing Monthly Repayment Ending Cash Bal. Cumulative Loan Bal. Which of the following statements is (are) correct? Total receipts in December is $590. The net cash flow in October is -$200. The avallable balance in September is $35. The cumulative loan balance in October is $235. The ending cash balance in December is $195