Carmen's Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $600,000 in December. Because Carmen's Dress Delivery is in the mail-order business, all sales are made on account. The company expects a 29 percent drop in sales for January. The balance in the Accounts Receivable account on December 31 was $98,000 and is budgeted to be $72,100 as of January 31. Required a. Determine the amount of cash Carmen's Dress Delivery expects to collect from accounts receivable during January. Expected cash collection Munoz Books buys books and magazines directly from publishers and distributes them to grocery stores. The wholesaler expects to purchase the following inventory: Required purchases (on account) April $117,000 May $137,000 June $149,000 Munoz Books' accountant prepared the following schedule of cash payments for inventory purchases. Munoz Books' suppliers require that 90 percent of purchases on account be paid in the month of purchase; the remaining 10 percent are paid in the month following the month of purchase. Required a. Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. b. Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter. Complete this question by entering your answers in the tabs below. Required A Required B Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. Schedule of Cash Payments for Inventory Purchases Complete this question by entering your answers in the tabs below. Required A Required B Complete the schedule of cash payments for inventory purchases by filling in the missing amounts. Schedule of Cash Payments for Inventory Purchases Payment for current accounts payable Payment for previous accounts payable Total budgeted payments for inventory April May June $ 105,300 8,000 $ 113,300 $ 0 $ 0 Required A Required B > Complete this question by entering your answers in the tabs below. Required A Required B Determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter. Accounts payable < Required A Required B >