You have been asked to prepare a December cash budget for Ashton Company, a distributor of exercise equipment. The following information is available about the companys operations: The cash balance on December 1 is $51,400. Actual sales for October and November and expected sales for December are as follows: October November December Cash sales $ 71,600 $ 80,200 $ 88,600 Sales on account $ 420,000 $ 580,000 $ 652,000 Sales on account are collected over