You have been hired as the controller at Alfit, a distributor of exercise equipment. The manager has provided you with the following financial information to start preparing the budget for the upcoming month:

a$)$ Cash balance at December $1$ is $$40,000.$

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

$\backslash$table$[[,$October,November,December$],[$Cash Sales,$$65,000,$$$70,000,$$$83,000$