Question 4 (15 marks) DannieBoy's Donut Company pays for 40% of its inventory purchases in the month of the purchase and the remainder in the following month. The companys inventory purchases totaled $850,000 in October, $980,000 in November, and $720,000 in December. The company also paid for new equipment with a total cost of $520,000 in November and made a tax payment of $130,000 in December. Salaries and wages were paid as follows: $310,000 in October, $300,000 in November and $295,000 in December. Determine the firm's cash disbursements for November and December. December November Disbursement for: disbursements disbursements 859,000X0.6 980000XotH 8S0,000X0.4 October purchases November purchases December purchases Equipment Tax payment Salaries and wages 5290m 130,000 295000 300,000 Total cash disbursements