Please answer those questions. Thank you.

You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the company's operations: a. The cash balance on December 1 is $55,400. b. Actual sales for October and November and expected sales for December are as follows: Cash sales Sales on account445,000 October November December $ 69,400 88,400 $ 96,800 596,000 625,000 Sales on account are collected over a three-month period as follows: 20% collected in the month of sale, 60% collected in the month following sale, and 18% collected in the second month following sale. The remaining 2% is uncollectible. c. Purchases of inventory will total $340,000 for December. Thirty percent of a month's inventory ases are paid during the month of purchase. The accounts payable remaining from November's inventory purchases total $173,500, all of which will be paid in December for depreciation. d. Selling and administrative expenses are budgeted at $510,000 for December. Of this amount, $55,100 is e. A new web server for the Marketing Department costing $83,000 will be purchased for cash during December, and dividends totaling $18,500 will be paid during the month. The company maintains a minimum cash balance of $20,000. An open line of credit is available from the company's bank to bolster the cash position as needed. t. Required 1. Prepare a schedule of expected cash collections for December Ashton Company Schedule of Expected Cash Collections December cash sales Collections on account: October sales November sales December sales Total cash collections 2 Prapare a schedule of expected cash disbursements for merchandise purchases for December. MacBook Air