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 $12,900. July August September Cash sales 6,300 $4,300 $ 9,700 Sales on account 21,100 26,100 37100 Total sales 27,400 30,40046,800 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 $24,800 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 $15,800, all of which will be paid in September. d. Selling and administrative expenses are budgeted at $14,100 for September. Of this e. Equipment costing $18,200 will be purchased for cash during September, and f. The company maintains a minimum cash balance of $8,900. An open line of credit is amount, $4,100 is for depreciation. dividends totaling $3,900 will be paid during the month. available from the company's bank to bolster the cash balance as needed