The following information is provided to assist in the preparation of the Cash Budget for Valerina for November 2021. The cash balance at 1 November 2021 is $35,000. Budgeted Purchases ($) Budgeted Sales ($) 170,000 140,000 October 64,000 November 68,000 All sales are collected in the same month the sale is made. All purchases are made on credit and payments are made as follows: 60% of purchases are paid for in the month of purchase. 40% of purchases are paid for in the month following the purchase. The business plans to take out a small business loan of $50,000 at the end of November 2021 and will be repaying it back in January 2022. Selling and administrative expenses each month are $45,000. The selling and administrative expenses include monthly depreciation expense of $6,000. The business plan to expand the business by opening a new store in Burwood, VIC, in January 2022. A rental deposit of $5,600 is to be made in November 2021. Equipment costing $25,000 is expected to be bought in November 2021 and paid in full with cash. Required: Prepare a cash budget for the month of November 2021. (9 marks) Please type in your answers below: Details