Hello, I want to double check my answers to an Accounting Project with a Chegg Expert. I've provided all the details needed in the screenshot below.

If you could fill out the whole chart, it would be most appreciated.

Thank you!

Fabulous is a retail company that sells specialized gardening products. The company is considering opening a new store on October 1, Year1. As budget coordinator, you have been asked to prepare a master budget for the first 3 months of the company's operation. You have gathered the following information: October sales are estimated to be $500000 of which 45 percent will be cash and the remainder will be on credit. The company expects all sales to increase at the rate of 10 percent per month for November and December. Sales in January Year 2 are expected to be $400000. The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale Check answers here before moving to the next part, by completing the cells requested in Prepare a sales budget and a schedule of cash receipts using these facts and your excel template. your the chart below. a. Sales Budget October November December Total-Qtr Sales on account Total budgeted sales November December Total-Qtr October b. Schedule of Cash Receipts Current cash sales Plus collections from AR Total collections The cost of goods sold is 80 percent of sales. The company desires to maintain a minimum ending inventory equal to 30 percent of the next month's cost of goods sold. (Ending inventory for December is based on budgeted January Year2 sales. Assume that all inventory purchases are made on account (on credit). The company pays 40 percent of accounts payable in the month of purchase and the remaining amount in the following month In excel, prepare an inventory purchases budget and a cash payments budget for inventory purchases. Use the check figures below before you continue November December Total Qtr c. Inventory Purchases Budget October Budgeted cost of goods sold Plus desired ending inventory I Inventory needed I I I I Less beginning inventory Required purchases (on account) November December Total-Qtr October d. Cash payments for inventory Payment of current month's AP I I I Payment for prior month's AVP Total budgeted payments