The Graham Potato Company has projected sales of $$6,000$ in September, $$10,000$ in October, $$16,000$ in November, and $$12,000$ in December. Of the company's sales, $20$ percent are paid for by cash and $80$ percent are sold on credit. Experience shows that $40$ percent of accounts receivable are paid in the month after the sale, while the remaining $60$ percent are paid two months after. Determine collections for November and December.

Also assume Graham's cash payments for November and December are $$13,000$ and $$6,000,$ respectively. The beginning cash balance in November is $$5,000,$ which is the desired minimum balance. Prepare a Cash Budget with borrowing needed or repayments for November and December. $($You will need to prepare the Cash Receipts Schedule first.$)$

Graham Potato Company Cash Receipts Schedule

$\backslash$table$[[,$September,October,November,December$],[$Sales$,$$$6,000,$$$10,000,$$$16,000,$$$12,000$