10 Required for The following information applies to the question de below) Dume Corporation is a marchandising company that preparing a budget for the quanto the cand yoat The company's balance sheet on this shown below Corpora Ants 5.000 141.00 83.250 $ 55,150 Accounts receivable Tetry Pertandist, depresi Total Lite Mity Acable C Total Mocht 350 5. The company managers have made the following additional assumptions and man Estimand sales for y, August September October will be $370.000 $390.000 $300,000 and $400.000 espect 2. Alles are on credit and credit sales are collected Each month's credit record 355 month and 65 month following me Al of the counts receivable at June 30 will be colected in 3. Each montis ending invertory must quel 30of the cost of next month sales The cost of goods sold 70s. The captor 40 of merchandise purchases in the month of the purchase and the remaining so the month following the purchase. Ar of the accounts payable et une 30 will be pain 4. Marthing and administrative expenses are aways $50.000. Esc mon $7000 of this total amounts depreciation expand there $43.000 to perses that we de morth they are cured 6. The company does not plans to borrow money or pay declare dividends during the quarter ended September 30. The company not to try common stock or repurchase on stock during the quanranded September 30 How much is the company's expected merchandise purchases in the month of September