55 marks) P: + II (Similar to problem 8-25) equired: Prepare: 1. A schedule of expected cash collections 2. A cash budget Total of Part II (15 marks) (20 marks) (35 marks) ting Project Draft 2018 - 20 - Read-Only - Seved to this PC- References Mailings Review View Help - A A A E EEEE Star 21 AaBbCD AaBbcc AaBbc 1 Normal No Spac... Heading 1 Paragraph DEWI September October November 30000 160.000 90.000 140,000 10,000 20.000 The selling price of the toys is $10 per unit b. All sales are on account. Based on past experience, we are collected in the following patte Month of sale Month following sale Uncollectible Sales for June totaled $400,000 d. The company maintains finished pood mentories equal to 20% of the following mooth's sale. This requirement will be met at the end of June Each toy requires 3 pounds of ww materials The company requires that the ending inventory of raw materials be equal to 106 of the following month's production needs The raw material costs $1.50 per pound o a mo 's purchase of raw materials is paid for in the month of purchase the remainder is paid for in the following month h The accounts payable on June 30 will be $80.000 acer