Help Capes Corporation is a wholesaler of industrial goods. Data regarding the store's operations tobow 2. 02:49:45 Sales are budgeted at $360,000 for November, $370,000 for December, and $350,000 for Jarwaty Collections are expected to be 40% in the month of sale and 60% in the month following the sale The cost of goods sold is 60% of sales The company desires an ending merchandise inventory equal to 20% of the cost of goods sold in the following mor. Paymer for merchandise is made in the month following the purchase The November beginning balance in the accounts receivable account is $71,000 The November beginning balance in the accounts payable account is $258.000 OOK Required: a Prepare a Schedule of Expected Cash Collections for November and December b. Prepare a Merchandise Purchases Budget for November and Decembet. 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