Caprice Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow:

Sales are budgeted at $300,000 for November, $310,000 for December, and $290,000 for January.

Collections are expected to be 50% in the month of sale, 47% 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 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 $65,000. The November beginning balance in the accounts payable account is $252,000.

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	$	$