a. Prepare a schedule of expected cash collections for November and December

b. Prepare a merchandise purchases budget for November and December

c. Prepare cash budgets for November and December

d. Prepare budgeted income statements for November and December

e. Prepare a budgeted balance sheet for the end of december

Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow: - Sales are budgeted at $300,000 for November, $320,000 for December, and $310,000 for January. - Collections are expected to be 75% in the month of sale and 25% in the month following the sale. - The cost of goods sold is 75% of sales. - The company desires an ending merchandise inventory equal to 70% of the cost of goods sold in the followng month. - Payment for merchandise is made in the month following the purchase. - Other monthly expenses to be paid in cash are $21800. - Monthly depreciation is $21,600. - Ignore taxes. Required: a. Prepare a Schedule of Expected Cash Collections for November and Decembet b. Prepare a Merchandise Purchases Budget for November and Decemper: c. Prepare Cash Eudgets for November and Decembes d. Prepare Budgeted Income Statements for November ano Decemoen e. Prepare a Budgeted Balance Sheet for the end or December Complete this question by entering your answers in the tabs below. Prepares a schedule of Expected cash collectioni for Wovember and pecember