Part Month Sales July $112,000 August $125,000 September $150,000 October $180,000 November $185,000 December $170,000 Purchases $49,400 $53,000 $57,000 $59,600 $68,600 $40,400 Operating Expenses $41,600 $42,250 $43,000 $42,900 $42,750 $42,000 . All sales are made on credit. Collections on customer accounts are: 5% in the month of sale; 65% one month after sale; and 30% two months after sale. . All purchases are made on credit. Payments to suppliers are: 25% in the month of purchase; and 75% one month after purchase. Operating expenses in the table above include depreciation of $8,000 per month. All cash operating expenses are paid in the month incurred. . . a. Compute the estimated amounts of the cash collections during the month of October as presented in the 2020 budget of Yik Yak Basecamp Supplies Co. (6 points) October Supporting Calculations Required Cash Collections from Customers Month of Sale (5%) One Month after Sale (65%) Two Months after Sale (30%) Total Cash Collections b. Compute the estimated amounts of the cash payments during the month of presented in the 2020 budget of Yik Yak Basecamp Supplies Co. (8 points) October Supporting Calculations Required Cash Paid to Suppliers Month of Purchase (25%) One Month after Purchase (75%) Cash Paid for Operating Expenses Total Cash Payments c. Yik Yak Basecamp Supplies Co. estimated cash balance at October 1 was $20,725 in its 2020 cash budget. Complete the following segment of the cash budget of Yik Yak Basecamp Supplies Co. for the month of October 2020. (6 points) Yik Yak Basecamp Supplies Co. Partial Cash Budget Month Ending October 31, 2020 Cash Balance, Beginning Cash Collections Cash Available for Disbursements Cash Disbursements Cash Balance before Short-Term Financing