DUE IN 25 minutes. please answer as soon as possible thank you!

Capes Corporation is a wholesaler of Industrial goods. Data regarding the store's operations follow. Sales are budgeted at $460,000 for November, $470,000 for December, and $450,000 for January Collections are expected to be 55% in the month of sale and 45% in the month following the sale, The cost of goods sold is 60% of sales. The company desires an ending merchandise inventory equal to 35% of the cost of goods sold in the following month. Payment for merchandise is made in the month following the purchase. The November beginning balance in the accounts receivable account is $81,000. The November beginning balance in the accounts payable account is $268,000. Required: a. Prepare a Schedule of Expected Cash Collections for November and December b. Prepare a Merchandise Purchases Budget for November and December Complete this question by entering your answers in the tabs below. Required A Required B Prepare a Schedule of Expected Cash Collections for November and December. November December Sales Schedule of Expected Cash Collections Accounts receivable November sales December sales Total cash collections $ 0 $ Required A Required B Regul Required B Prepare a Merchandise Purchases Budget for November and December. Merchandise Purchases Budget Cost of goods sold November December Total needs Required purchases $ S Rocuired