CASH BUDGET, REQUIRED: 1. Prepare a schedule showing cash collections during October. 2. Prepare cash disbursements (payments) during October. 3. Assuming that company had $150,000 cash balance as of October 1, calculate cash balance as of October 31. Company's accounts receivable collection experience is as follows: Cash collected from current month's sales; terms 1/10 n/30: 20% Cash collected from prior month's sales (no discount) 65% Cash collected from sales two months ago 13% Uncollectible receivables 2% Company's estimated credit sales (company has no cash sales): July $480,000 August 420,000 September 370,000 October 350,000 November 400,000 Company's monthly variable costs, paid as incurred, equal 60% of monthly sales. Monthly fixed expenses are: $80,000 (Rent Expense : $20,000; Salaries Expense: $30,000; Depreciation Exp.: $18,000; Advertising Expense: $8,000; Depletion Expense: $4,000) October cash collections: $ October cash disbursements: $ October 31 cash balance: $