Given: Cash balance, December 1 $130,000 December cash collections from sales $120,000 December cash disbursements for inventory purchases $45,000 December cash disbursements for operating expenses $6,000 Dividends paid in December $12,000 Sale of old equipment in December $10,000 Depreciation expense December $5,000 Required: Prepare a cash budget for the month of December. ( Show all your calculations)