Oliver Ortega operates a small boutique in Scottsdale, Arizona that sells Kachina dolls. Oliver expects to generate revenue of $40,000, $50,000, and $60,000 during October, November, and December, respectively. Oliver's cost of goods sold average 60 percent of revenues, and his budgeted marketing and administrative costs are $4,000, $6,000, and $5,000 for October, November, and December, respectively. Oliver expects to receive 70% of his revenues in cash during the month of sale and 30% in the following month. Oliver receives his dolls on consignment, with the purchase price being due at the time of sale. Thus, Oliver's cash outflow for goods sold equals his cost of goods sold. Finally. Oliver pays for all marketing and administrative expenses in cash as they are incurred. Required: (5 + 5 = 10 points) What is Oliver's cash budget for November and December? Assume that Oliver expects to have $16,000 in cash on November 1. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Paragraph 10pt Open Sans.sa... I os GE