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Tri-Facet Company has the following budgeted sales for the months of October. November, and December: Month Budgeted Sales October $82,000 November $68,000 December $97.000 All sales are made on account. The pitcent of Siles and collected in the month in which the sale is made with the remaining 65% collected in the month following the sales Toffaldetikcompany has the onlar uchastkaar the months of Octobede Abhey Arora: Attempt 1 Tri-Facet Company has the following inventory purchases budget for the months of October to December: Month Budgeted Purchases October $87.000 November $50,000 December $44.000 12 Inventory is paid in the month following the month of purchase, Tri-Facet Company budgeted the following for operating expenses for the months of October to December 15 0 October November December Advertising $2.000 $2.900 $2.900 Dennention $0.600 $3,600 $3.600 03:55 Abhey Aror: Attempt a Advertising $2.900 $2.900 $2.900 2 Depreciation $3,600 $3,600 $3,600 Office Building Maintenance $ 1.100 $1,100 $1.100 Salaries $2,700 $2.700 $2,700 All operating expenses are paid in the month in which they are incurred. The cash on hand on October 31 is budgeted to be $18.500. Management requires a minimum cash balance at the end of each month of $15.000. If necessary, management can borrow money from the bank at an annual interest rate of 6% in increments of $1.000 Borrowing accurs at the start of the month and repayments occurat the end of the month interest is only paid when the loan is paid Required: Prepare a casa bude for Nond blueber The cash on hand on October 31 is budgeted to be $18,500. Management requires a minimum cash balance at the end of each month of $15.000. If necessary. management can borrow money from the bank at an annual interest rate of 6% in increments of $1.000. Borrowing occurs at the start of the month and repayments occur at the end of the month. Interest is only paid when the loan is paid. Required: Prepare a cash budget for November and December. You may type your response to this question in the text box below or prepare a handwritten response. If you handwrite your response, click on the following link below to submit your response to the dropbox