Ojai Products, a distributor of organic beverages, needs a cash budget for September. The following information is available:

a.	The cash balance at the beginning of September is $14,600.
b.	Actual sales for July and August and expected sales for September are as follows:

	July		August		September
Cash sales	$	9,700	$	7,700	$	13,100
Sales on account		22,800		27,800		38,800
Total sales		32,500		35,500		51,900

	Sales on account are collected over a three-month period as follows: 10% collected in the month of sale, 65% collected in the month following sale, and 21% collected in the second month following sale. The remaining 4% is uncollectible.
c.	Purchases of inventory will total $21,400 for September. Thirty percent of a month's inventory purchases are paid for during the month of purchase. The accounts payable remaining from August's inventory purchases total $12,400, all of which will be paid in September.
d.	Selling and administrative expenses are budgeted at $15,800 for September. Of this amount, $5,800 is for depreciation.
e.	Equipment costing $21,600 will be purchased for cash during September, and dividends totaling $2,200 will be paid during the month.
f.	The company maintains a minimum cash balance of $9,400. An open line of credit is available from the companys bank to bolster the cash balance as needed.

Required:
1.	Prepare a schedule of expected cash collections for September. 2. Prepare a schedule of expected cash disbursements for inventory purchases for September. 3.Prepare a cash budget for September. Indicate in the financing section any borrowing that will be needed during September. Assume that any interest will not be paid until the following month.