Terrific Toys, Inc. is a small, regional toy manufacturing company located in Rochester, Minnesota. The firm has been growing quite rapidly for the past year. Roger Amundson, the firm's Controller, is quite concerned that the firm may experience a cash shortage during the upcoming holiday season, due to the firm's rapid growth. Your group has been asked to prepare a cash budget for the firm for each month of the fourth quarter of the year: October, November and December.

Credit Sales and Credit Purchases during the upcoming four months are projected to be as follows:

$\backslash$table$[[,$September,October,November,December$],[$Credit Sales:,$50,000,75,000,100,000,150,000],[$Credit Purchases:,$22,500,33,750,45,000,67,500]]$

Terrific Toys predicts that $70\%$ of its credit sales will be collected in the month of the sale, and the remaining $30\%$ will be collected in the following month. Credit purchases will be paid in the month following the month in which the credit purchases were made.

The firm expects "Wages, Taxes, and Expenses" to be $35\%$ of eredit sales each month. "Interest Expense" is expected to be $$15,000$ per month. A new equipment purchase of $$20,000$ will be made in November for a packaging machine. A forklitt will be purchased in December for $$28,000.$

As ef Oetober $1,$ Terrific Toys had a cash balance of $$35,000$

Given this information, please complete the attached cash budget for Terrific Toys for the months of October, November, and December. Then, please answer the following questions: