The following information is provided for Molly Corporation: Estimated Sales: August $ 60,000 September 80,000 October 70,000 November 50,000 December 100,000 20% of sales are cash sales. Of the credit sales, 60% is collected in the month of sales, 30% in the month following the sale and 10% in the second month after the sale. Other information: Purchases of inventory for October, November and December are $8,500, $10,000, and $17,500 respectively. Operating expenses are $39,000 per month. Equipment purchases in November, $17,000. Dividends declared and paid in December, $26,000. Cash Balance, October 1, $4,000 Chapter 22: Homework Question 3 (1 point) Required: Calculate the cash balance on October 31. When entering the answer in Blackboard, omit $ signs. Chapter 22: Homework Question 4 (1 point) Required: Calculate the cash balance on November 30. When entering the answer in Blackboard, omit $ signs. Chapter 22: Homework Question 5 (1 point) Required: Calculate the cash balance on December 31. When entering the answer in Blackboard, omit $. signs.