Graham Potato Company has projected sales of $18,600 in September, $20,500 in October, $28,600 in November, and $24,600 in December. Of the company's sales, 20 percent are paid for by cash and 80 percent are sold on credit. Experience shows that 40 percent of accounts receivable are paid in the month after the sale, while the remaining 60 percent are paid two months after. Determine collections for November and December. Also assume Graham's cash payments for November and December are $-24,000 and $-16,500, respectively. The beginning cash balance in November is $5,000 $5,000, which is the desired minimum balance. There is no bank loan outstanding at the beginning of November. Required: A. Prepare a cash receipts schedule for November and December: (enter all numbers as positive whole numbers) Total sales Credit sales Cash sales One month after the sale Two months after the sale Sep $18,600 Oct $20,500 Nov Dec $28.600 $24,600 Total cash receipts B. Prepare a cash budget with borrowing needed or repayments for November and December (negative numbers should be indicated by a minus signi