Peak sales for Next, Inc., occur in December. The company's sales forecast is given below: - Cash sales represent 40% of total sales. From past experience, the company has learned that 85% of a month's credit sales is collected in the month following the sale, and that the remaining 15% is collected in the second month following the sale. - The average gross profit margin on sales is 25%. - The policy is to acquire enough inventory each month to equal the following month's expected cost of goods sold. - Inventory purchases are paid in full in the month following the purchases. Required: Prepare, for the fourth quarter: (10 pts.) (1) Sales Budget: (2) Cash Collections from Customers Schedule; (3) Purchases Budget; and (4) Disbursements for Purchases Schedule