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Timpco, a retailer, makes both cash and credit sales e, sales on open account]. Information regarding budgeted sales for the last quarter ofthe year is as follows: Cash sales $ 55,896 $ 59,690 $ E'LBBIB Credit sales 55,660 7'6, 368 84,?66 Total 5 138,899 $ 129,366 $ 151,766 Past experience shows that 5% of credit sales are uncollectible. 0f the credit sales that are collectible, 60% are collected in the month of sale; the remaining 40% are collected in the month following the month of sale. Customers are granted a 1.5% discount for payment within 10 days of billing. Approximately 75% of collectible credit sales take advantage of the cash discount Inventory purchases each month are 100% of the cost of the following month's projected sales. (The gross prot rate for Timpco is approximately 30%.] All merchandise purchases are made on credit, with 20% paid in the month of purchase and the remainder paid in the following month. No cash discounts for early payment are in effect. Required: 1. Calculate the budgeted total cash receipts for November and December. {Round your intermediate calculations and final answers to the nearest whole doliar amount.} 2. Calculate budgeted cash disbursements for November and December {budgeted total sales for January of the coming year equais $163,000}. . Total cash receipts 2. Budgeted cash disbursements