Q2 . A defense contractor, is developing a cash budget for October, November, and December. The company's purchases in August and September were $120,000 and $150,000 respectively. Purchases of $170,000, $160,000 and $140,000 have been forecast for October, November, and December. 10% will be paid immediately in cash, 70% is paid the month following the purchase, and the remaining 20% is paid two months following the purchase. Rent of $20,000 will be paid each month. . . Wages and salaries amount to 20% of the preceding month's sales. The beginning cash balance on October 1 is $22,000. The company also wishes to maintain a minimum cash balance of $15,000. Forecasted cash receipts for October, November, and December are 218, 200 and 175 respectively. . . Using the above information, prepare Q4 cash budget. Q2 . A defense contractor, is developing a cash budget for October, November, and December. The company's purchases in August and September were $120,000 and $150,000 respectively. Purchases of $170,000, $160,000 and $140,000 have been forecast for October, November, and December. 10% will be paid immediately in cash, 70% is paid the month following the purchase, and the remaining 20% is paid two months following the purchase. Rent of $20,000 will be paid each month. . . Wages and salaries amount to 20% of the preceding month's sales. The beginning cash balance on October 1 is $22,000. The company also wishes to maintain a minimum cash balance of $15,000. Forecasted cash receipts for October, November, and December are 218, 200 and 175 respectively. . . Using the above information, prepare Q4 cash budget