Question 26 (6 points) Big Bob's Bowling Balls Ltd. produces bowling balls in a variety of designer colours. 2019 Master budget data is as follows: 1 2 3 Quarter (lan-Mar) (Apr - lun) Jul - Sep) Sales (all on account) $1,000,000 $1,750,000 $1,150,000 Raw material purchases $200,000 $300,000 $220,000 Direct labour wages $225,000 $337,500 $247.500 Manufacturing overheard (includes $75,000 depreciation per quarter) $250,000 $375,000 $275,000 SG&A expenses (includes $25,000 depreciation per quarter) $276,250 $291,250 $279,250 Loan payments $275,000 $275,000 $275,000 Capital purchases $100,000 S110,000 595,000 Additional information: 1.75% of sales are collected in the current quarter, 25% in the following quarter. 2. Current quarter purchases are paid in the following quarter. 3. Direct labour, manufacturing overhead and SG&A expenses are paid the quarter incurred 4. Capital purchases are made by bank loans. 5. Sales for the quarter ended December 31, 2018 were $1.250,000 6. The accounts payable balance at the end of 2018 was $175.000. 4 (Oct-Dec) $1,650,000 $300,000 $337,500 $475,000 $341,250 $275,000 $102,000 Required: For the Fourth (4th) quarter of 2019 a) What were the total cash receipts? b) What were the total cash disbursements? c) What was the ending balance in accounts payable? d) What was the ending balance in accounts receivable? Enter your answer using the following format: $###,### do not use decimals in your answer. Example: five thousand dollars is entered as $5,000 Blank # 1 AM Blank # 2 A/ Blank #3 Blank #4 AM