Capes Corporation is a wholesaler of industrial goeds, Data regarding the stote's operations tollow, - Sales are budgeted ot $380,000 for November, $390,000 for Docember, and 3370,000 for Janunry. - The cost of goods sold is 75% of safes. - The company desires an ending merchandise imvertory equat to 30% of the cost of goods sold in the follawing month. Poymert - The November beginning balance in the accounts recelvable account is $73,000 - The November beginning balance in the accounts payoble account is $260.000. Rectuired: a. Prepare a Sehedule of Expected Cash Collections for November and December. b. Prepare a Merchandise Purchases Budget for Novomber and December. Complete this question by entering your answers in the tabs below. Prepare a 5 chedule of Expected Cash Collections for November and December