During the last week of August, Oneida Company's owner approaches the bank for a $105,500 loan to be made on September 2 a repaid on November 30 with annual interest of 10%, for an interest cost of $2,638. 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 ability 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 $4,000 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 s 220, 000 415,000 470,000 Sales Werchandise purchases Cash payments 230,000 220, 000 197,000 23,700 33,800 30,200 20,950 22,100 9,000 Payroll 20,200 other cash expenses Repayment of bank loan 105,500 Interest on the bank loan Operations began in August August sales were $170,000 and purchases were $105,000. 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. Applying these percents to the August credit sales, for example, shows that $74,800 of the $170,000 will be collected in September, $37,400 in October, and $10,200 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 $105,000 August purchases, $52,500 will be paid in September and $52,500 in October Required Prepare a cash budget for September, October, and November. (Round your final answers to the nearest whole dollar.)