$(12$ points$)$ Weldon Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow:

The company sells each unit for $$55.$ Budgeted Sales:

$\backslash$table$[[$Month$,$October,November,December,January$],[$Sales in Units,$32,000,28,000,40,000,30,000]]$

Collections are expected to be $70\%$ in the month of sale, $30\%$ in the month following the sale.

The A$/$R balance at September $30$th will be collected in full in October.

The cost of the merchandise is $$43$ per unit.

In addition to meeting the current month's sales demand, management wants to maintain and ending inventory balance of $10\%$ of the next month's sales.

The beginning inventory balance at October $1$ st is $3,200$ units.

Payment for merchandise is made as follows: $\frac{1}{2}$ paid in the month of the purchase, $\frac{1}{2}$ paid the month following the purchase.

The A$/$P balance at September $30$th will be paid in full in October.

A dividend was paid in October for $$550,000.$

Minimum cash balance is $$100,000.$

The company has a line of credit for $$500,000$ at an annual interest rate of $12\%.$ You can borrow any amount to get to the minimum of $$100,000.$

Loans are taken out on first day of month borrowed and repaid at the end of the quarter with interest.

Balance Sheet

September $30$

Assets

Cash.... $$100,000$

Accounts receivable $250,000$

Inventory $137,600$

Property, plant and equipment

$($net of $$200,000$ accumulated depreciation$)$

Total assets

$$1,354,{000}_{?}$

Liabilities and Stockholders' Equity

Accounts payable

$$300,000$

Common stock

$582,000$

Retained earnings

Total liabilities and stockholders' equity $\frac{472,000}{\text{\$}1,354,000}$

Required:

a$.$ Prepare a Sales Budget for October, November, December, and Quarter.

b$.$ Prepare a Schedule of Expected Cash Collections for October, November, December, and Quarter.

c$.$ Prepare a Merchandise Purchases Budget for October, November, December, and Quarter.

d$.$ Prepare a Schedule of Expected Cash Disbursements for October, November, December, and Quarter.

e$.$ Prepare Cash Budgets for October, November, December, and Quarter.