Johnson Company reported the following information for 2019: October November December Budgeted sales $320,000 $340,000 $360,000 Budgeted DM purchases $120,000 $ 128,000 $144,000 All sales are on credit. Customer amounts on account are collected 40% in the month of sale and 60% in the following month. DM purchases are paid 75% in the month purchased and the remaining balance paid in following month. Instructions (a) Compute the amount of cash Johnson will receive for all three months. (b) Compute how much cash is expected to be paid for DM for all three months