The Rankin Relish Co. has forecast sales as follows: July August Sept. $150,000 170,000 180,000 190,000 Oct Credit salen ar 40% of total sales and are collected as follows: 20% one month after the sake, 30% two months after the sale and 50% three months after the sale. Expected accounts payable are as folkowe August $170,000 Sept. $175,000 $180,000 Oct Accounts payable are paid as follown: 70% one month after the credit purchase and 30% two months after the purchase. In addition to purchases, the company will have rent of $1,500 per month and utilities of $700 per month. In October, the firm will have an insurance payment of $450, Beginning cash for October will be $3.200