Khloe Company imports gift items from overseas and sells them to gift shops and department stores throughout the United States. Khloe Company provided the following information: a. The October 31 balance in the cash account is $53,817. b. All sales are on account. Sales in September were $950,000 and in October were $1,240,000. c. November sales are expected to be $2,145,000. d. In Khloe's experience, 70 percent of sales are collected in the month of sale and 28 percent are collected in the month following sale. The remaining credit sales are uncollectible. the remainder is paid in the month following the purchase month. g. Rent for office and warehouse space is $12,300 paid monthly in cash. h. Utilities average $6,100 per month and are paid in cash. i. In November, Khloe expects to pay employment taxes of $6,625. j. Since Khloe imports product from overseas, customs duty and shipping to the central location of 30 percent of current monthly purchase cost must be paid in the month of purchase. k. Other cash expenses for November are expected to be $41,500. Required: Prepare a cash budget for Khloe Company for the month of November