Please answer the question clearly

During the last week of August. Oneida Company's owner approaches the bank for a $105,000 loan to be made on September 2 and repaid on November 30 with annual interest of 10%, for an interest cost of $2,625. The owner plans to increase the store's Inventory by $60,000 during September and needs the loan to pay for inventory acquisitions. The bank's loan officer needs more Information about Oneida's ability to repay the loan and asks the owner to forecast the store's November 30 cash position. On September 1. Oneida is expected to have a $4,500 cash balance, $131400 of net accounts receivable, and $100,000 of accounts payable its budgeted sales, merchandise purchases, and various cash payments for the next three months follow Budgeted Figures September October November Sales $ 230, Bee $ 435,00 $ 480,000 Merchandise purchases 22e, ce 210,000 192.000 Cash payments Payroll 20,10 21,900 24,700 Rent 8, e 8,080 8, Other cash expenses 34,90 28,820 20.90 Repayment of bank loan tas.ee Interest on the bank loan 2,625 *Operations began in August August sales were $180,000 and purchases were $115,000 The budgeted September merchandise purchases include the inventory increase. All sales are on account. The company predicts that 27% of credit sales is collected in the month of the sale, 44% in the month following the sale, 22% in the second month, 6% in the third, and the remainder is uncollectible. Applying these percents to the August credit sales, for example, shows that $79.200 of the $180,000 will be collected in September $39,600 in October, and $10,800 in November. All merchandise is purchased on credit: 40% of the balance is paid in the month following a purchase, and the remaining 60% is paid in the second month. For example of the $115,000 August purchases, 546,000 will be paid in September and $69.000 in October Required: Prepare a cash budget for September October, and November. Complete this question by entering your answers in the tabs below. Calculation Cash Budget Prepare the calculation of cash receipts from sales and calculation of cash payments for merchandise. Calculation of three from a Colected Total Uncollectible August September October November Account Ree Credit sales from August -$ 180.000 September 230,000 October 435,000 November 480,000 Totais Calevation of cash formershe Total August November 30 Account Pay Puchants from warmer Aug September October November To 5 115.000 220,000 216,000 192,000 S737.000 During the last week of August, Oneida Company's owner approaches the bank for a $105,000 loan to be made on September 2 and repaid on November 30 with annual interest of 10%, for an interest cost of $2,625. The owner plans to increase the store's inventory by 560,000 during September and needs the loan to pay for inventory acquisitions. The bank's loan officer needs more Information about Oneida's ability to repay the loan and asks the owner to forecast the store's November 30 cash position. On September 1 Oneida is expected to have a $4,500 cash balance, S131,400 of net accounts receivable, and $100,000 of accounts payable. Its budgeted sales, merchandise purchases, and various cash payments for the next three months follow September 5 230,000 220,000 Budgeted Figures Sales Merchandise purchases Cash payments Payroll Rent Other cash expenses Repayment of bank loan Interest on the bank loan 20,100 8,000 34,900 October November $ 435,200 $ 480,000 210,000 192,000 21,900 24,700 8.000 3,000 28,800 20,900 105,000 2,625 Operations began in August, August sales were $180,000 and purchases were $115,000. The budgeted September merchandise purchases include the inventory Increase. All sales are on account. The company predicts that 27% of credit sales is collected in the month of the sale, 44% in the month following the sale, 22% in the second month, 6% in the third, and the remainder is uncollectible. Applying these percents to the August credit sales, for example, shows that $79,200 of the $180,000 will be collected in September, $39,600 in October, and $10,800 in November. All merchandise is purchased on credit: 40% of the balance is paid in the month following a purchase, and the remaining 60% is paid in the second month. For example, of the $115,000 August purchases. 546,000 will be paid in September and $69,000 in October Required: Prepare a cash budget for September October, and November Complete this question by entering your answers in the tabs below. Calculation Cash Budget Prepare a cash budget for September October, and November (Round your finanswers to the nearest whole dollar) ONLIDA COMPANY Can Budget For September October, and November September October November Beginning cashbac $ 4500 Cash Cash payment Tocht ting