Prepare a cash budgetfor the three-month period ending December 31. Include the following detailedbudgets:
1.
a. A sales budget, by month and in total.
b. A schedule of expected cashcollections from sales, by month and in total.
c. A merchandise purchases budgetin units and in dollars. Show the budget by month and in total.
d. A schedule of expected cashdisbursements for merchandise purchases, by month and in total.
2. A cash budget. Show the budget by month and in total. Determineany borrowing that would be needed to maintain the minimum cash balance of $50,000.