Tea Lover business is a small retail business that sells two unique types of tea, Fruit Tea and Cacao Chai Tea. The Tea Lover business sells Fruit Tea for $26 per box and Cacao Chai Tea for $30 per box. In the fourth quarter of 2021, the business forecasts to sell: Budgeted sales units Fruit Tea (in box) Cacao Chai Tea (in box) October 250 200 November 290 230 December 580 460 All sales revenue are cash sales, l.e., the business receives cash from customers when the sales are made. The business has prepared the following purchase budget for the fourth quarter: Total purchases cost Expected Cash Payments October $4,960 $4,960 November $6,860 $6,860 December $9,720 $9,720 The business also expects to incur the following selling and general expenses for each month of this year. These expenses must be paid in the month that they are incurred. Rental expense Salary and wages expense Other general expenses including power, phone, water, internet, insurance cost etc $2,800 per month $3,000 per month $1,500 per month Required: (a) Prepare a sales budget for the fourth quarter of 2021. (4 marks) (b) Prepare an other expenses budget for selling and general expenses for the fourth quarter of 2021. (2 marks) (C) Prepare a cash budget for the fourth quarter of the year, assuming that at the beginning of October 2021, the business has a cash balance of $3,000. (4 marks) (d) Would the cash balances drop by 5% if the total sales revenue drops by 5% for the three months? Explain without any calculation