October $120,000 November $130,000 December $134,000 Cash receive Payments in cash Inventory purchases Selling expenses $100,000 $30,000 $110,000 $35,000 $90,000 $28,000 As of October 1, the cash balance is $ 10,000. The company wants to maintain a balance of $ 7,000. To maintain funds, he borrows in amounts of $ 1,000 and makes payments on the last day of each month. The interest rate is 1% per month. The company pays the sellers on the last day of the month The company has an opening balance on its credit line payable of $ 45,000. Prepare a cash budget