Question 02: The following information pertains to Dana Corporation Month Sales July $30,000 August 34,000 September 38,000 October 42,000 November 48,000 December 60,000 Cash is collected from customers in the following manner. Month of sale (2% cash discount) Month following sale Two months following sale Amount uncollectible 30% 50% 15% 5% The cost of sales is expected to be 50% of the month's sales and desired ending inventory 20% of the same month sales. 50% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. The ending cash balance of $4,000 as of September 30. Required: 1) Prepare a monthly purchase budget for the 4th quarter. 2) Prepare a summary of cash disbursements for the 4th quarter. 3) Prepare a summary of cash collections for the 4th quarter 4) Prepare the cash budget for the 4th. quarter (October through December). 4