Complete this question by entering your answers in the tabs below. Cilculate the budgeted merchandise purchases for Aprif, May, and Juno. Complete this question by entering your answers in the tabs below. Calculate the expected cash disbursements for merchandise purchases for Aprit, May, and June. Complete this question by entering your answers in the tabs below. Prepare a budgeted balance sheet at June 30th. (Hint: You need to calculate the cash paid for selling and administrative expenses during April, May, and June to determine the cash balance in your june 3oth batance sheet.) Deacon Company is a merchandising company that is preparing a budget for the three-month period ended June 30th. The following information is avallable Budgeting Assumptions: a 60% of sales are cash sales and 40% of sales are credit soles. Twenty percent of all credit sales are collected in the month of sale and the remaining 80% are collected in the month subsequent to the sale. b. Budgeted sales for July are $165,000 c. 10% of merchandise inventory purchases are paid in cash at the time of the purchase. The remaining 900 of purchases are credit purchases. All purchases on credit are paid in the month subsequent to the purchase, The accounts payable at March 31 will be. paid in April, d. Each month's ending merchandise inventory should equal $10,000 plus 50% of the next month's cost of goods sold - Depreciation expense is $1,150 per month. All other selling and adiministrative expenses are paid in full in the month the expense is incurred. Required: Required: 1. Calculate the expected cash collections for Aprh, May, and June. 2 Calculate the budgeted merchandise purchases for Aprt, May, and June 3. Calculate the expected cash disbursements for merchandise purchases for Aprit May, and June 4. Prepare a budgeted balance sheet at June 30 th. (Hint: You need to calculate the cast pad for selling and adminstrative expenses during April, May, and June to determine the cash balance in your June 30 th balance sheet) Complete this question by entering your answers in the tabs thelow. Calculate the expected cash collections for April, May, and June