Question 3. (4 Marics) The 13 Consultants are preparing their cash budget for the four months ending December 31, 2021. The accounting department has compiled the following financial data: Credit sales are budgeted at: Sept. 15.000. Oct. 12.000, Nov. 24.000, Dec. 28,000 The collection of the credit sales has been established by the credit department as follows: 1) 22% of the credit sales will be collected in the month of sale, 2) 60% of the credit sales will be collected in the first month after sale 3) 18% of the credit sales will be collected in the second month after sale. The payments for the cost of purchases of raw materials is budgeted at: Sept. 4.000, Oct. 2000, Nov. 3.000, Dec. 5,000 Payments for direct labor are budgeted at: Sept. 4,000, Oct. 5,000. Nov. 4,000, Dec 6,000 Payments for factory overhead costs are budgeted at 2,000 each month Sept through Dec, Income taxes are budgeted to be paid Sept 1.500 and Dec 1.000. The cash on hand on Sept. 1 amounted to 3.000. Required: Prepare the cash budget for the four months ended December 31 2021. H