idk what im missing

You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is avallable about the company's operations: a. The cash balance on December 1 is $45,400. b. Actual sales for October and November and expected sales for December are as follows: Sales on account are collected over a three-month period as follows: 20\%, collected in the month of sale, 60\%, collected in the month following sale, and 19% collected in the second month following sale. The remaining 2% is uncollectible. c. Purcheses of inventory will totel $356,000 for December. Thirty percent of a month's inventory purchases are paid during the month of purchase. The accounts payable remaining from November's inventory purchases total $164,000, all of which will be paid in December. d. Selling and administrative expenses are budgeted at $431,000 for December, Of this amount, $54,200 is for depreciation. e. A new web server for the Marketing Department costing $120,500 will be purchased for cash during December, and dividerids totaling $13,500 will be paid during the month. f. The company maintains a minimum cash balance of $20,000. An open line of credit is available from the company's bank to increase its cash balance as needed. Required: 1. Calculete the expected cash collections for December. 2. Calculate the expected cash disbursements for merchanclise purchases for December. 3. Prepare a cash budget for December. Indicate in the financing section any borrowing that will be needed during the month. Assume that any interest will not be paid until the following month. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a cash budget for December. Indicate in the financing section any borrowing that will be reeded during the month. Assume that any interest will not be paid until the following manth