The following assumptions are made by a company when preparing its cash budget:

Invoices paid in the month after sales

Invoices paid in the second month after sale

Invoices paid in the third month after sale

Bad debts

$50\%$

$30\%$

$15\%$

$5\%$

Invoices are issued on the last day of each month. Customers paying in the month after sale are entitled to deduct a $4\%$ settlement discount. Credit sales values for August to November are budgeted as follows:

$\backslash$table$[[$August$,$September,October,November$],[$$$100000,$$$120000,$$$80000,$$$70000$