Oneida Companys operations began in August. August sales were $190,000 and purchases were $105,000. The beginning cash balance for september is $31,500. Oneidas owner approaches the bank for a $98,000 loan to be made on September 2 and repaid on November 30. The banks loan officer asks the owner to prepare monthly cash budgets. Its budgeted sales, merchandise purchases, and cash payments for other expenses for the next three months follow.