Caprice Corporation is a wholesaler of industrial goods. Data regarding the store's operations folovw Sales are budgeted at $390,000 for November, $400,000 for December, and $380,000 for January Collections are expected to be 55% in the month of sale, 43% in the month folowing the sale, and 2% un colectie The cost of goods sold is 80% or sales. The company desires ane n merchan e mento y equal to 35% of ecost of goo s sod n the following in Payment for merchande e e ma e n the mom folk in the rcha The November beginning balance in the accounts receivable account is $74,000 The November beginning balance in the accounts payable account is $261,000 Required: a. Prepare a Schedule of Expected Cash Collections for November and December Schedule of Expected Cash Collections Sales Schedule of Expected Cash Colections November sales December sales Total cash collections