IV. (20 Points) Oliver's Bistro provided the following information for the month of October: a. Budgeted Sales are $400,000. About 80% is cash sales and the rest are on credit. b. Oliver's Bistro expects that on average 70% of credit sales will be paid for in the month of the sale and 28% will be paid in the following month. c. Food and supplies purchases, all on account, are expected to be $285,000 in October. Oliver pays 35% in the month of purchase and 65% following the month of purchase. d. Most of the restaurant work is done by Oliver and his wife, who together typically withdraw a total of $18,500 a month from the business. Various Part time workers cost $29,300 per month. e. Utilities and insurance average $8,750 per month. Rent on the building is $14,000 per month. f. In September a freezer had to be replaced for $25,000. The amount is due i total in October. g. September sales were $390,000, and purchases of food and supplies in September were $275,000. h. The Bistro's cash balance on October 1 is $14,800. Required: Prepare a cash Budget for Oliver's Bistro for the month of October. Cash budect For botolor