Question 4: (5 marks) The following information pertains to Mon Ami Ltd. Month July Sales Purchases $30,000 $10,000 August 34,000 12,000 September 38,000 14,000 October 42,000 16,000 November 48,000 18,000 December 60,000 20,000 Cash is collected from customers in the following pattern: Month of sale: 30% Month following sale: 50% Two months following sale: 15% Uncollectible: 5% 40% of purchases are paid for in cash in the month of purchase, and the balance is paid in the following month. Required: a) Prepare a cash collections schedule for the last three months of the year. b) Prepare a cash disbursements schedule for the las three months of the year.