Carmen is a retaller of scrapbooking products. The sales forecast for the coming months is: Carmen's sales are 80% cash and 20% store credit. The credit sales are collected 70% in the month of sale, the remainder the following month. Accounts recelvable on April 1 are $37,000. Carmen's cost of soles averages 70x of revenues. The inventory policy is to carry 30 os of next monthis sales needs. Apral inventory will be as expected under the policy. Carmen pays for purchases 40x in the month of purchase and 60x the fotlowing month. Accounts payable on Aprill 1 is $134,000. a. Prepare a purchases budget for as many months as is possible. b. Prepare a cash payments budget for April through July. c. Prepare a cash receipts budget for April through July. (Do not round intermediate calculations.)