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 company's operations:

The cash balance on December 1 is $45,000.

Actual sales for October and November and expected sales for December are as follows:

\fComplete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Prepare a cash budget for December. Indicate in the nancing section any borrowing that will be needed during the month. Assume that any interest will not be paid until the following month. Beginning cash balance - - = Payments to suppliers for inventory Selling and administrative expenses = _ Dividends paid _ Total cash disbursements Excess (deciency) of cash available over disbursements Borrowings - Repayments - Interest .- = Ending cash balance Complete this question by entering your answers in the tabs below. Req land 2 1. Calculate the expected cash collections for December. 2. Calculate the expected cash disbursements for merchandise purchases for December. Total cash collections Cash disbursements for merchandise purchases