The Balance Sheet of Marjorie and Trimaine Charles enterprise at September 30 includes the following: (8 points)

Cash	$60,000 debit.
Accounts Receivable	$202,600 debit
Inventory	$18,000 debit
Allowance for Bad Debts	$4,400 credit
Bank Loan	$60,000 credit

Trimaine Charles has taken a business degree at Ryerson University and recognizes the importance of maintaining a minimum cash balance. As VP of finance, he has designated $50,000 as the enterprise minimum cash balance. The following information is also available: a. October and November sales are expected to be $560,000 and $672,000 respectively. All sales are credit sales. b. Cash collections in October is $450,200.

c. Cash disbursement in October is $290,000 d. Maximum $50,000 is allowed to repay if enough cash is available. e. other monthly expenses are $75,600, which includes $5,600 of depreciation. f. Interest can be ignored on the bank loan.

Requirement: Prepare the cash budget for October, taking into consideration any financing or investing.