Lee’s Home Goods, which sells home decor items, had the following details for October and November:

Item	October (£)	November (£)
Cost of Goods Sold	150,000
Projected Increase (%)	8%
Inventory Balance (End)	10,000	12,000
Accounts Payable Balance	15,000
Cash Payments (Current Month)	70%
Cash Payments (Following Month)	30%

Requirements:

1. Determine the amount of purchases budgeted for November.
2. Calculate the total cash payments for inventory purchases in November and prepare a cash budget.