help solvind the 4 requiremnts

Required information (The following information applics to the questions displayed helow) Beech Corporation is a meichandising company that is preparing a master budget for the third quarter of the calendar year. The compary's balance sheet as of June 30 th is shown below: Beech's managers have made the following additionat assumptions and estimutes: 1. Estimated sales for Mly, August, September, and October will be $270,000,$200,000,$280,000, and $300,000, iespectively 2. All sales are on credit and all credit sales are collected. Each month's credit sales are collected 35% in the month of sale and 65% in the nonth following the sale, All of the accounts recelvable at June 30 will be collected in hily. 3. Each montis ending imwentory must equal 30% of the cost of next month's sales. The cost of goods sold is 60% of sales. The company plys for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchise. All of the accounts pavable at June 30 will be paid in Julv. 3. Each month's ending inventory must equal 30% of the cost of next month's sales. The cost af goods sold is 60% of sales. The company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase. All of the accounts payable at June 30 will be paid in July. 4. Monthly selling and administrative expenses are always $50,000. Each month $5,000 of this total amount is depreciation expense and the remaining $45,000 relates to expenses that are paid in the month they are incurred. 5. The company does not plan fo borrow money or pay or declare dividends during the quarter ended September 30 . The company does not plan to issue any common stock or repurchase its own stock during the quarter ended September 30. Required: 1. Prepare a schedule of expected cash collections for July, August, and September. 2a. Prepare a merchandise purchases budget for July, August and September. Also compute total merchandise purchases for the quarter ended September 30. 2.b. Prepare a schedule of expected cash disbursements for merchandise purchases for July, August, and Septembec: 3. Prepare an income statement that computes net operating income for the quarter ended September 30. 4. Prepare a balance sheet as of Septembet 30