4 14 points look Oneida Company's operations began in August. August sales were $180,000 and purchases were $105,000. The beginning cash balance for september is $34,500. Oneida's owner approaches the bank for a $99,000 loan to be made on September 2 and repaid on November 30. The bank's loan officer asks the owner to prepare monthly cash budgets. Its budgeted sales, merchandise purchases, and cash payments for other expenses for the next three months follow. Dudgeted September Detober November Sales $ 220,000 # 405,000 450,000 Merchandise purchases 225.000 213,000 200.000 Cash payment Salaries 30,600 30.600 50.600 Rent 10,000 10,000 10,000 Insurance 5,000 5,000 5.000 Nepayment of loan 99,000 Interest on loan 990 990 990 All sales are on credit where 77% of credit sales are collected in the month following the sale, and the remaining 23% collected in the second month following the sale. All merchandise is purchased on credit: 87% of the balance is paid in the month followingo purchase, and the remaining 13% is pold in the second month. Required: Prepare the following for the months of September October, and November 1. Schedule of cash receipts from sales. 2. Schedule of cash payments for direct materials, 3. Cash budget Print 87% of the balance is paid in the m purchase, and the remaining 13% is paid in the second month. Required: Prepare the following for the months of September October, and November 1. Schedule of cash receipts from sales, 2. Schedule of cash payments for direct materials. 3. Cash budget. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required a Prepare the schedule of cash receipts from sales. ONEIDA COMPANY Schedule of Canh Receipts from Sales September October November $ 220,000 $ 405,000 $ 450,000 Sales Cash receipts from: Prior period sales Two periods prior sales Totalcash receipts $ 0 $ ols Rent Required 2 >