During the last week of August, Apache Arts Company's owner approaches the bank for an $102,500 loan to be made on September 2 and repaid on November 30 with annual interest of 10%, for an interest cost of $2,563. The owner plans to increase the store's inventory by $60,000 during September and needs the loan to pay for inventory acquisitions. The bank's loan officer needs more information about Apache Arts' ability to repay the loan and asks the owner to forecast the store's November 30 cash position. On September 1 Apache Arts is expected to have a $4,000 cash balance, $130,900 of accounts receivable, and $100,000 of accounts payable. Its budgeted sales, merchandise purchases, and various cash disbursements for the next three months follow. Budgeted Figures* Sales Merchandise purchases Cash disbursements September October November $230,000 $485,000$420,000 203,000 225,000 205,000 Payroll Rent Other cash expenses Repayment of bank loan nterest on the bank loan 20,300 8,000 33,800 21,950 8,000 30,000 24,100 8,000 20,450 102,500 2,563 *Operations began in August; August sales were $170,000 and purchases were $120,000 The budgeted September merchandise purchases include the inventory increase. All sales are on account. The company predicts that 23% of credit sales is collected in the month of the sale, 47% in the month following the sale, 19% in the second month, 7% in the third, and the remainder is uncollectible. Applying these percents to the August credit sales, for example, shows that $79,900 of the $170,000 will be collected in September, $32,300 in October, and $11,900 in November. All merchandise is purchased on credit: 50% of the balance is paid in the month following a purchase, and the remaining 50% is paid in the second month. For example, of the $120,000 August purchases, $60,000 will be paid in September and $60,000 in October. Required. Prepare a cash budget for September, October, and November for Apache Arts Company. (Input all amounts as positive values. Leave no cells blank-be certain to enter "O" wherever required. Round your intermediate calculations and final answers to the nearest dollar amount. Omit the "$" sign in your response.)