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Vaughan Inc. reported the following information for​ 2021: ​October November December Budgeted sales ​$460,000 $440,000 $540,000...

Vaughan Inc. reported the following information for​ 2021: ​October November December Budgeted sales ​$460,000 $440,000 $540,000 Budgeted purchases ​$240,000 $256,000 $288,000 ​• All sales are on credit. ​• Customer amounts on account are collected​ 50% in the month of sale and​ 50% in the following month. ​• Cost of goods sold is​ 35% of sales. ​• Vaughan purchases and pays for merchandise​ 60% in the month of acquisition and​ 40% in the following month. ​• Accounts payable is used only for inventory acquisitions. ​• Variable S&A are​ 10% of Sales. ​• Fixed S&A are​ $7,000 with​ $2,000 of that amount being depreciation. ​• The November 1 cash balance was​ $25,000. What is the anticipated cash balance at the end of​ November?

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