Capp Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow: . Sales are budgeted at $370,000 for November, $380,000 for December, and $360,000 for January. . Collections are expected to be 45% in the month of sale, 52% in the month following the sale, and 3% uncollectible The cost of goods sold is 70% of sales. The company desires an ending merchandise inventory equal to 25% of the following month's cost of goods sold. Payment for merchandise is made in the month following the purchase. The November beginning balance in the accounts receivable account is $72,000 . The November beginning balance in the accounts payable account is $259,000 Required: a. Prepare a Schedule of Expected Cash Collections for November and December. (Omit the "$" sign in your response.) Capp Corporation Schedule of Expected Cash Collections November December Sales Schedule of Expected Cash Collections Accounts receivable November sales December sales Total cash collections