Salam company is planning its cash needs for the fourth quarter. The following information has been assembled to assist in preparing a cash budget for the quarter: a. The Total cash collections and disbursement for purchases are as follows (All amounts are in dollars): Oct Nov Dec Total Cash collection 46,500 49,760 59,600 Total Cash disbursement for Purchases 36,000 36,750 30,375 b. Selling and administrative expenses will be incurred as follows: Selling expenses 7,200 11,700 8,000 Administrative expenses 5,600 7,200 6,100 c. Land costing $4,500 will be purchased in October. d. Dividends of $1,000 will be declared and paid in November e. The cash balance on October 1" is $10,000. c. The company must maintain a cash balance of at least $20,000 at the end of each month. g. The company has an agreement with a local bank that allows it to borrow in increments of $1,000 at the beginning of each month. The interest rate on these loans is 10% per year. The company would repay the loan plus accumulated interest at the end of the quarter. Required: Prepare: 1. A cash budget (20