Westex Products is a wholesale distributor of industrial cleaning products. When the treasurer of Westex Products approached the company's bank late in the current year seeking short$-$term financing, he was told money was very tight and any borrowing over the next year would have to be supported by a detailed statement of cash collections and disbursements. The treasurer also was told it would be very helpful to the bank if borrowers would indicate the quarters in which they need funds, as well as the amounts needed, and the quarters in which repayments could be made.

Because the treasurer is unsure as to the particular quarters in which bank financing will be needed, he assembled the following information to assist in preparing a detailed cash budget:

a$.$ Budgeted sales and merchandise purchases for next year, as well as actual sales and purchases for the last quarter of the current year, are:

$\backslash$table$[[$Current Year:,Sales,$\backslash$table$[[$Merchandise$],[$Purchases$]]],[$Fourth quarter actual,$$200,000,$$$126,000$