Marthaler's Suits is looking for assistance with preparing a sales and cash receipts budget for the upcoming year. Dan, the owner, provides you with the following information: The average suit sells for $275.500 suits were sold in September. Expected sales: 600 in October, 800 in November, and 700 in December. - Cash sales are expected to be 10% and the rest to be on credit. Of the credit sales, 80% are expected to be collected in the month of sale and the rest in the month following the sale. Cash payments are expected to be paid all on credit. 75% are expected to be paid in the month of purchase and the rest in the month following the purchase. 1. Create a sales budget for Marthaler's Suits for Q4. Sales Budget October November December Quantity Price Total Sales 2. Create the cash receipts budget for Marthaler's Suits for Q4. Cash Receipts Budget October November December Cash Sales Credit Sales I Cash Collection of Credit Sales of Current Month Sales of Prior Month Sales Total Cash Receipts