LeeAtin Ortiz owns a retail store that sells new and used spoiting equipment, LeeAnn has fequested a cash budget for October, After examining the records of the company, you fird the following: a. Cash bstance on October 1 is $1,110. b. Actual sales for August and September are as follows: c. Credit sales are collectied over a three-month period: 40 percent in the month of sale, 26 percent in the noxt month, and 22 percent in the secend manth after the sale. The remaining sales are uncoliectiblo. d. Inventory purchases average 70 percent of a month's total sales, Of those purchases, 45 percent are paid for in the monch of purchace. The remaining 55 percent are paid tor in the following month, e. Salaries and wages total $3,850 per month. t. Fent is 53,150 per month. 9. Taxes to be paid in October are $1,635. h. LeeAnn usurlly withdraws $3,500 each month as her salary. 1. Advertising is $1,500 per month. 1. Other operating expenses total $3,800 per month. k. Internet and telephone fees are $320 per month. LeeAnn tells you that she expects cash sales of \$5,000 and credit sales of $54,000 for October, She likes to have $3,000 on hard at the end of the month and is concerned about the potential October ending balance. Required: Prepare a cast budget for Octobes, include supporting schedules for cosh collections and cash payments, Round vour intermediate computations and final answers to the nearest dollar. Explain how each of the four data analytic types descriptive, diagnostc, predictive, or prescriptive-can be used in LeeAnniv buidoeting process. (See txhibas 2.5 and 2.6 , for a review of dats anslytic types) The cash bubget is used both to describe what is expected given LeeAne's sssumptions