Bryce Corporation data regarding the store's operations follow: Sales are budgeted at $330,000 for November, $350,000 for December, and S340,000 for January . Collections are expected to be 70% in the month of sale, 26% in the month following the sale, and 4% uncollectible The cost of goods sold is 67% of sales The company desires ending merchandise inventory to equal 85% of the following month's cost of goods sold. Payment for merchandise is made in the month following the purchase Other monthly expenses to be paid in cash are $21,900 Monthly depreciation is $16,900 Ignore taxes Balance Sheet October 31 Assets Cash Accounts receivable (net of allowance for uncollectible accounts) Merchandise Inventory Property, plant and equipment (net of $667,000 accumulated depreciation) $ 22,900 82,900 187,935 1,170,000 Total assets $1,463,735 Liabilities and Stockholders' Equity Accounts payable Common stock $ 199,900 930,000 333,835 Retained earnings Total liabilities and stockholders' equity $1,463,735 Required a. Prepare a Schedule of Expected Cash Collections for November and December. (Omit the "$" sign in your response.) Bryce Corporation Schedule of Expected Cash Collections November December $ 350000 Sales Schedule of Expected Cash Collections Accounts receivable November sales December sales $ 330000 $ 82900 231000 Total cash collections