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:

a$.$ The cash balance on December $1$ is $$53,200.$

b$.$ Actual sales for October and November and expected sales for December are shown below. Sales on account are collected over a three$-$month period as follows: $20\%$ collected in the month of sale, $60\%$ collected in the month following sale, and $18\%$ collected in the second month following sale. The remaining $2\%$ is uncollectible.

$\backslash$table$[[$Cash sales,October,November,December$],[$Sales on account,$$75,600,$$$89,000,$$$88,200$

$2.$ Prepare a schedule of expected cash distrubument during december for merchandise purchases

$3.$ Prepare a cash budget for December. Indicate in the financing section any borrowing that will needed during the month. Assume that any interest will not be paid until the following month.