Problem 9.12 Schedules of Expected Cash Collections and Disbursements [LO2] information is avalible about the company's operations: a. The cash batance on December 1 is $46,000 b. Actual sales for October and November and expected saies for Decemoer ave shown below, Sales on acceunt are coltected oner a the second month following sale. The remsining 2x is uncolectible December. e. A new web server for the Marketing Department costing 5102.000 whl be purchased for cash during Oecembet, and dividends totalling $16,500 will be paid during the month. f. The compary maintains a minimum cash balance of $20000. An open ine of creth is avalutile from the companys bank to bolstar the cash position as needed. Required: 1. Prepare a schedule of expected cash collections for December Prepare a schedule of expected cash disbursements during December for merchandise purchases. 3. Prepare a cash budget for December. Indicate in the financing section any borrouffng that will be needed during the month. Assume that any interest will not be paid untli the following month