B. Weller Industrial Gas Corporation supplies acetylene and other compressed gases to Industry, Data regarding the store's operations follow: Sales are budgeted at $330,000 for November. $350,000 for December, and $340,000 for January Collections are expected to be 70% in the month of sale and 30% in the month following the sale The cost of goods sold is 79% of sales. The company desires an ending merchandise Inventory equal to 70% of the cost of goods sold in the following month. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $20,300 Monthly depreciation is $20,100, Ignore taxes. . . Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment (net of $587,000 accumulated depreciation) Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders equity $ 21,100 82,100 182,490 997,900 $ 1,282,690 $ 195, 100 520,000 567,590 $1,282,690 Required: 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 Swed Required: 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 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Prepare a Schedule of Expected Cash Collections for November and December November December Sales Schedule of Expected Cash Collections Accounts receivable November sales December sales Total cash collections $ 0 $ 0 Rocu Required B