PrimeTime Sportswear is a custom imprinter that began operations six months ago. Sales have exceeded management's most optimistic projections. Sales are made on account and collected as follows: 49% in the month after the sale is made and 44% in the second month after sale. Merchandise purchases and operating expenses are paid as follows:

PrimeTime Sportswear is a custom imprinter that began operations six months ago. Sales have exceeded management's most optimistic projections. Sales are made on account and collected as follows: 49% in the month after the sale is made and 44% in the second month after sale. Merchandise purchases and operating expenses are paid as follows: In the month during which the merchandise is purchased or the cost is incurred In the subsequent month 79% 21% PrimeTime Sportswear's income statement budget for each of the next four months, newly revised to reflect the success of the firm, follows: September $ 42,600 October $ 54,300 November $ 68,300 December $ 58,700 Sales Cost of goods sold: Beginning inventory Purchases Cost of goods available for sale Less: Ending inventory Cost of goods sold Gross profit Operating expenses Operating income $ 5,880 37,400 $ 43,280 (14,380) $ 28,900 $ 13,700 10,000 $ 3,700 $ 14,380 44,200 $ 58,580 (20,690) $ 37,890 $ 16,410 12,700 $ 3,710 $ 20,690 49, 100 $ 69,790 (21,590) $ 48,200 $ 20,100 14,300 $ 5,800 $ 21,590 33,000 $ 54,590 (20,010) $ 34,580 $ 24,120 16,500 $ 7,620 Cash on hand August 31 is estimated to be $39,630. Collections of August 31 accounts receivable were estimated to be $17,830 in September and $15,490 in October. Payments of August 31 accounts payable and accrued expenses in September were estimated to be $24,030. Required: a-1. Prepare a cash budget for October and November. (Beginning cash should be indicated with a minus sign if it is a negative amount.) October November $ 0 $ 0 Beginning cash Cash receipts August 31 accounts receivable September sales October sales November sales Total cash receipts Cash disbursements: September purchases October purchases November purchases September operating expenses October operating expenses November operating expenses Total cash disbursements Ending cash $ 0 $ 0 EAEA $ 0 $ 0