Estimated Sales September October November December January $340000 $500000 $650

Estimated Sales September October November December January $340000 $500000 $650000 $820000 $400000Solo sells all its merchandise for cash; there are no credit sales. Purchases are 60 percent of sales and are made 2 months before the month of sale but payments are made 1 month after the purchase. In addition to the purchases Solo expects to incur the following disbursements:Wages and Salaries = $180000 per monthYear-end bonus= $ 45000 to be paid in DecemberEstimated tsxes= $ 54000 in September $ 85000 in DecemberRent and utilities= $ $ 16000 per monthMarketing expenses = $ 3000/month in September and October $ 6000/month in November and DecemberCapital expenditure = $ 100000 due in NovemberSolo has a current cash budget for Solo Bicycles for the months of Septmeber through December.If December sales turn out to be no different from November sales what impact would this have on the cash balance in December? Assume all other figures are the same as in part (a) including the purchases.