The Following Information Pertains to Amigo Corporation

The following information pertains to Amigo Corporation:

-Cash is collected from customers in the following manner:
Month of sale (2% cash discount)30%
Month following sale50%
Two months following sale15%
Amount uncollectible5%-40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month.
Required:
a.Prepare a summary of cash collections for the 4th quarter.
b.Prepare a summary of cash disbursements for the 4th quarter.