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Required: Prepare: 1. A cash budget Cover Page, Introduction and formatting 1. Cover page 2. Table of contents 3. Introduction 4. Referencing 5. Formatting Samica Company is planning its cash needs for the fourth quarter. The following information has been assembled to assist in preparing a cash budget for the quarter: a. The Total cash collections and disbursement for purchases are as follows (All amounts are in dollars): Oct Nov Dec Total Cash collection 46,750 50,000 59,850 Total Cash disbursement for Purchases 36,250 37,000 30,625 b. Selling and administrative expenses will be incurred as follows: Selling expenses 7,200 11,700 8,000 Administrative expenses 5,600 7,200 6,100 c. Land costing $4.500 will be purchased in October. d. Dividends of $1,000 will be declared and paid in November. e. The cash balance on October 1st is $10,000. f. The company must maintain a cash balance of at least $15.000 at the end of each month. g. The company has an agreement with a local bank that allows it to borrow in increments of $1,000 at the beginning of each month. The interest rate on these loans is 12% per year. The company would repay the loan plus accumulated interest at the end of the quarter