Capp Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow: Sales are budgeted at $380,000 for November, $390,000 for December, and $370,000 for January. Collections are expected to be 50% in the month of sale, 49% in the month following the sale, and 1% uncollectible. The cost of goods sold is 75% of sales. The company desires an ending merchandise inventory equal to 30% 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 $73,000. The November beginning balance in the accounts payable account is $260,000. Required: a. Prepare a Schedule of Expected Cash Collections for November and December. (Omit the "$" 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 T

otal cash collections $ $