In September, LEE Company, a merchandising firm that sells one product, assembled the following information and estimates to prepare a budget for October Expected sales are 46,000 units at a price of $36 per unit. The cost of merchandise purchases is expected to be $20 per unit. Selling and administrative expenses are estimated at $330,000, of which $32,000 is depreciation. The October 1 cash balance is expected to be $30,000. LEE estimates that 70% of each month's sales are collected in the month of sale and the remaining 30% is collected in the month after sale. Expected sales for September are $930,000. The company pays for 10% of its merchandise purchases during the month of purchase, and pays the remaining 90% during the month following purchase Merchandise purchases for September. are estimated to be $744,000 and the purchase cost per unit is $20. All other out-of-pocket expenses are paid for in cash. Read the requirements. Requirement (a) LEE plans to purchase 32,000 units of merchandise in October. Prepare a cash budget or statement of estimated cash flows for October for the company. (Leave unused cells blank. Use a parentheses or a minus sign for a net cash outflow.) Cash inflows: Cash outflows: Net cash flow