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Jasmine Company provided the following sales information for the month of December: November December Actual Budget Cash sales $ 20,500.00 $ 40,000.00 Credit sales 100,000.00 130,000.00 Total sales $120,500.00 $170,000.00 For credit sales, the collection pattern is as follows: Month of sales 70% Month following sales 25% Based on past experience, the company estimates the remaining credit sales are uncollectible. Inventory purchases average 75% of current month's total sales. Payments for inventory are made as follows: Month of purchase 60% Month following purchase 40% Other expenses are as follows: Wages and benefits per month $ 12,500.00 Rent and Utilities per month 5,800.00 Gift baskets and ribbons 1,200.00 Tax payment per quarter to be paid in December $ 1,500.00 Depreciation expenses per month $ 1,000.00 December 1 cash balance is $4,580.00. ||||| Prepare a cash budget for the month of December. Question 1 (2 points) What is the budgeted cash receipts for the month of December? A/ Question 2 (2 points) What is the budgeted cash disbursements for inventory purchases for the month of December? Question 3 (2 points) What is the budgeted cash disbursements for other expenses for the month of December? Question 4 (1 point) What is the ending cash balance in the cash budget for the month of December? A