Cler thicustrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the stores operations - Sales are budgeted at $360.000 for November, $380.000 for Decerriber, and $370000 for Jaruary. - Collections are expected to be 75% in the month of salt and 25% in the month following the sale. - The cost of goods sold is 74% of sales. - The company desires an ending merchandise inveritory equal to 75 of the cost of goods sold in the following moath. - Paymene for merchandise is made in the month following the parchase. - Other monthly expenses to be paid in cash are $22.400. - Monthly depreciation is $22200 - Ignoce taves. Required: a. Propie a Schedile of Eipectes Canh Collectoins for hovember and Peseriber: di Nipere thungetet income Staterinents Sor Noveritier and Decemoet. Cler thicustrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the stores operations - Sales are budgeted at $360.000 for November, $380.000 for Decerriber, and $370000 for Jaruary. - Collections are expected to be 75% in the month of salt and 25% in the month following the sale. - The cost of goods sold is 74% of sales. - The company desires an ending merchandise inveritory equal to 75 of the cost of goods sold in the following moath. - Paymene for merchandise is made in the month following the parchase. - Other monthly expenses to be paid in cash are $22.400. - Monthly depreciation is $22200 - Ignoce taves. Required: a. Propie a Schedile of Eipectes Canh Collectoins for hovember and Peseriber: di Nipere thungetet income Staterinents Sor Noveritier and Decemoet