Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company's balance sheet as of June $30$th is shown below:

$\backslash$table$[[,\backslash$table$[[$Beech Corporation$],[$Balance Sheet$],[$June $30]]],[$Assets$,],[$Cash$,$$$85,000$Prepare a schedule of expected cash collections for July, August, and September.

$2-$a$.$ Prepare a merchandise purchases budget for July, August, and September. Also compute total merchandise purchases for the

quarter ended September $30.$

$2-$b$.$ Prepare a schedule of expected cash disbursements for merchandise purchases for July, August, and September.

Prepare an income statement that computes net operating income for the quarter ended September $30.$

Prepare a balance sheet as of September $30.$

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Req $1$

Prepare a schedule of expected cash collections for July, August, and September.