can you please show me how to arrive at these numbers. the explanation. thanks

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 76% of sales. The company desires an ending merchandise inventory equal to 80% 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 $20,600. Monthly depreciation is $20,400. Ignore taxes. Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment (net of $590,000 accumulated depreciation) Total assets $ 21,400 82,480 182,480 1, eee, eee $1,286,280 Liabilities and Stockholders' Equity ALERT- hl Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment (net of $590, eee accumulated depreciation) Total assets 21,400 82,400 182,400 1,000,000 $1,286,200 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 195,400 550, eee 548,800 $1,286,200 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. Next > Iepure buuyeted 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 $ 300,000 December $ 320,000 Sales Schedule of Expected Cash Collections Accounts receivable November sales December sales Total cash collections $ 82,400 225,000 $ 75,000 240,000 315,000 $ 307,400 $ ( Required A. Required B > h ALE Ents 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 Merchandise Purchases Budget for November and December Budgeted cost of goods sold Add: Desired ending merchandising inventory Total needs Less: Beginning merchandise inventory Required purchases November $ 228,000 L 194,560 422,560 182,400 $ 240,160 December $ 243,200 188,480 431,680 194,560 $ 237,120 te 9 W search X 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 Cash Budgets for November and December. Cash disbursements for merchandise Other monthly cash expenses Total cash disbursements November $ 195,400 20,600 $ 216,000 December $ 240,160 20,600 $ 260,760 $ $ Beginning cash balance Add cash receipts Total cash available Less cash disbursements 21,400 307,400 328,800 216,000 112.800 315,000 427,800 260,760 earch . Prepare Budgeted Income Statements for November and December . 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 Budgeted Income Statements for November and December. November $ 300,000 228,000 72,000 20,600 20,400 $ 31,000 December $ 320,000 243,200 76,800 Sales Cost of goods sold Gross margin Other monthly expenses Depreciation Net operating income 20,600 20,400 35,800 $ o e o 8 9 Required Al Required B Required C Required D Required E Prepare a Budgeted Balance Sheet for the end of December. Balance Sheet December 31 Assets Cash Accounts receivable Inventory Property, plant and equipment (net of accumulated depreciation) Total assets $ 167,040 80,000 188,480 959,200 $ 1,394,720 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 237,120 550,000 607,600 $ 1,394,720 rch