Prepare a cash budget, properly labeled and in good accounting order, for October based on the following: Forecast sales July $150,000 August $170,000 Sept. $180,000 Oct $190,000 Credit sales are 40% of total sales and are collected as follows: 20% one month after the sale, 30% two months after the sale and 50% three months after the sale Accounts payable are paid as follows: 70% one month after the purchase and 30% two months after the purchase. Rent is $1,500 per month and utilities are $700 per month. In October, the firm will have an insurance payment due of $450. Expected Accounts Payable August Sept Oct. $170,000 $175,000 $180,000 Beginning cash for October is $3,200