A client gave her CPA the data listed below. July August September Budgeted sales $272,000 $280,000 $265,000 Accounts receivable, beginning balance $83,000 Accounts Payable beginning balance $249,000 Sales collected in the month sales are made 75% Sales collected in the month after sales are made 25% Cost of goods Sold is 80% of the current month's sales. The company budgets for ending finished goods inventory that is 45% of the following month's Cost of Goods Sold. Prepare a Schedule of Expected Cash Collections and a Merchandise Purchases Budget for July and August. You should insert a table to organize your information. Show your calculations