The following are Standards Co. estimated sales during September, October, November and December 2019: September $ 160,000 October $ 200,000 - November $ 224,000 December $ 256,000 -The company collect sales 60% in the month of sales and 40% in the month following the sales. -The company maintains ending inventory of $15,000 plus 25% of the cost of goods sold budgeted for the following month. Cost of goods sold equal 80% of sales revenue. Requirement: 1- Prepare the company's cash receipts budget for October and November. 2- Prepare the company's budgeted purchases for October and November