Can you please help with this problem?

Goldberg Company is a retail sporting goods store that uses an accrual accounting system. Facts regarding its operations follow: - Sales are budgeted at $210,000 for December and $180,000 for January, terms 1Ieom, nf60. - Collections are expected to be 50% in the month of sale and 48% in the month following the sale. Two percent of sales are expected to be uncollectible and recorded in an allowance account at the end ofthe month ofsale. Elad debts expense is included as partof operating expenses. - Gross margin is 30% of gross sales. - All accounts receivable are from credit sales. Bad debts are written off against the allowance account at the end of the month following the month of sale. - Goldberg desires to have 80% of the merchandise for the following month's sales on hand at the end of each month. Payment for merchandise is made in the month following the month of purchase. - Other monthly operating expenses to be paid in cash total $16,800. - Annual depreciation is $156,000, one-twelfth of which is reected as part of montth operating expenses. Goldberg Company's statement of financial position at the close of business on November 30 follows: (IILDBERE (WAN? Statement of Financial Position November 36,. 2619 Assets Cash $ 16,688 Accounts receivable (net of $4,688 allowance for doubtful accounts) 52,688 Inventory 11?,688 Property, plant, and equipment (net of $566,886 accumulated depreciation] 946,688 Total assets $ 1,125,688 Liabilities and Stockholders' Equity Accounts payable $ 136,688 Common stock 886,688 Retained earnings 189,688 Total liabilities and equityr $ 1512535130 | Required: 1. What is the total of budgeted cash collections for December? 2. How much is the book value of accounts receivable at the end of December? 3. How much is the income (loss) before income taxes for December? 4. What is the projected balance in inventory on December 31, 2019? 5. What are budgeted purchases for December? 6. What is the projected balance in accounts payable on December 31. 2019? [For all requirements, Do not round intermediate calculations.)