Sales for October, November, and December are expected to be $200,000, $180,000, and $220,000, respectively, for the Gurumai Company. All sales are on account (terms 2/15, net 30 days) and are collected 50 percent in the month of sale and 50 percent in the following month. One-half of all sales discounts are taken on the average. Materials are purchased one month before being needed, and all purchases and expenses are paid for as incurred. Activities for the quarter are expected to be:

• October November December
• Materials used $40,000 $36,000 $44,000
• Salaries 70,000 68,000 72,000
• Maintenance and repairs 18,000 18,000 18,000
• Depreciation 36,000 36,000 36,000
• Utilities and other 14,000 14,000 14,000
• Dividends paid -0- 10,000 -0-
• Payment on bonds 8,000 8,000 8,000

Required:

Using the given information, prepare a cash budget for November.