During the last week of August, Oneida Company's owner approaches the bank for a $99,500 loan to be made on September 2 and repaid on November 30 with annual interest of 14%, for an interest cost of $3,483. 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 Oneida's ablity to repay the loan and asks the owner to forecast the store's November 30 cash position. On September 1, Oneida is expected to have a $4,500 cash balance, $124,100 of net accounts receivable, and $100,000 of accounts payable. Its budgeted sales merchandise purchases, and various cash disbursements for the next three months follow ge Sales Merchandise purchases Cash payments 240,000 395,000 470,000 235,000 210,000 201,000 Payroll Rent Other canh expenses Repayment of bank loan Interest on the bank loan 19,900 8,000 34,000 22,100 8,000 31,000 24,100 8,000 20.950 99,500 3,483 Operations began in August: August sales were $170,000 and purchases were $110.000 The budgeted September merchandise purchases include the inventory increase. All sales are on account. The company predicts that 27% of credit sales is collected in the month of the sale, 44% in the month following the sale, 22% in the second month, 6% In the third, and the remainder is uncollectible. $170,000 will be collected in September, $37,400 in October, and $10,200 in November. All merchandise is purchased on credit, 60% g these percents to the August credit sales, for example, shows that $74,800 of the balance is paid in the month following a purchase, and the remaining 40% is paid in the second month. For example, of the 110,000 August purchases, $66,000 will be paid in September and $44,000 in October Required: sh budget for September, October, and November. (Round your final answers to the nearest whole dolilar.)