October November December 546,250.00 102,560.00 235,642.00 312,540,00 150,140,00 201,302.00 Credit Sales Credit Purchases Cash Disbursements Wages taxes and expenses Interest Equipment Purchases 46,230.00 3.260,00 62,388.00 34,210,00 4,201.00 134,650,00 6,210.00 3,120,00 32,012.00 The Company predicts that 3% of its credit sales will never be collected, 32% of its sales will be collected in the month of sale, and the remaining 65% will be collected in the following month. Credit Purchases will be paid in the month following the purchase, In September 2020 credit sales were $221,000, and credit purchases were $123,156 Using these info, complete the cash budget. Sales collections = ? Given this collection, the cash budget will be: November December October 146,190.00 Beginning cash balance Cash receipts Cash collections from credit sales Total cash available Cash disbursements Purchases Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance