Justify please

Question 3 (10 points) ACME Company has the following budget information for 2022: September October November Sales on account $150,000 $180,000 $200,000 Material purchases $70,000 $90,000 $80,000 Manufacturing labour and overhead expenses (including depreciation) $84,000 $98,000 $110,000 Depreciation expense $5,000 $5,000 $5,000 The following information is also available: . on October 31, 2022, the cash balance is expected to be $3,000 and the line of credit balance is expected to be zero . a minimum cash balance of $2,000 is required each month . interest on outstanding line of credit balances will be paid in the following month . sales are typically collected 50% in the month of sale, 25% in the month following the sale and 22% in the second month following the sale . material purchases are paid 80% in the month of purchase and the remaining amount in the following month Required: 1. Prepare a cash budget, in good form, for November. (9 marks) 2. Calculate the Accounts Payable balance for the budgeted Balance Sheet on November 30, 2022. (1 mark)