Prepare this company's December cash budget using the information here. The beginning cosh bolance on December 1 is $30,000 The company budgets $260,000 in cash receipts from December sales. Direct materials purchases are all on credit. The company's actual purchases of direct materials are $72,000 in November, and it budgets direct materials purchases of $108,000 for Decembet Cash payments for direct materlals are 65% in the month of purchase and 35% in the first month ofter purchase. Depreciation expense for December is $3,000 Additional budgeted cash payments for December consist of