EcoStyle, which sells eco-friendly clothing, had the following details for November and December:

Item	November (£)	December (£)
Cost of Goods Sold	250,000
Projected Increase (%)	5%
Inventory Balance (End)	21,000	24,000
Accounts Payable Balance	32,000
Cash Payments (Current Month)	70%
Cash Payments (Following Month)	30%

Requirements:

1. Determine the amount of purchases budgeted for December.
2. Calculate the total cash payments for inventory purchases in December and prepare a cash budget.
3. Create a schedule of cash receipts and cash payments for December.