Given the following information, prepare the receipt and disbursement schedule portion of a cash budget.

General Data

1.Sales are 10% cash, 90% on credit

2.Of the credit sales, 80% are collected in the month following the month of sale, and 20% in the second month following the sale.

3.20% of purchases are paid for in the month they were made, 80% in the following month.

4.A dividend payment of $10,000 will be made in January.

5.A fixed asset was purchased for $15,000, and will be paid for in full in November.