Unit Sales SP Sales Sales Budget Oct Nov 14,000 10,000 15 15 210,000 150,000 Dec 35,000 15 525,000 Total 59,000 15 885,000 Purchases Budget Oct Nov 14,000 10,000 2,000 7,000 16,000 17,000 3,000 2,000 13,000 15,000 5.00 5.00 65,000 75,000 Total 59,000 1,800 60,800 Unit Sales EI Unit Required BI Units 2 B Cost Purchases Dec 35,000 1,800 36,800 7,000 29,800 5.00 149,000 3,000 57,800 5.00 289,000 Dec Aug Sep Oct Nov Dec Cash Total Cash Collections Budget Oct Nov 66,150 78,750 55,125 14,700 73,500 10,500 51,450 52,500 36,750 157,500 298,200 Total 66,150 133,875 139,650 63,000 36,750 265,500 704,925 63,000 222,600 45,000 184,125 Cash Disbursements Budget Oct Nov Dec Total Aug Sep Oct 39,000 26,000 39,000 30,000 Nov Dec Total 45,000 59,600 104,600 39,000 65,000 75,000 59,600 238,600 65,000 69,000 Cash Budget Oct Nov 8,000 22,600 222,600 184,125 230,600 206,725 Dec 12,725 298,200 310,925 Total 8,000 704,925 712,925 Beg Bal. Cash Collections Cash Available Cash Payments Purchases Commissions Rent Salaries Total Payments Cash over/short 65,000 63,000 80,000 69,000 45,000 80,000 104,600 157,500 80,000 238,600 265,500 240,000 208,000 22,600 194,000 12,725 342,100 (31,175) 744,100 (31,175) 41,175 41,175 Borrow Int Repay End bal 22,600 12,725 10,000 10,000 Examine the budget schedules above. Explain why the need to borrow money surfaces in December, which is the month with the highest level of sales over the budget period. Be specific