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Check my w Required information Problem 14-23 Preparing a master budget for retail company with no beginning account balances LO 14 2,14-3,14-4,14-5,14-6 Part 1 of 2 [The following information applies to the questions displayed below. 25 points Rundle Company is a retail company that specializes in selling outdoor camping equipment. The company is considering opening a new store on October 1, 2019. The company president formed a planning committee to prepare a master budget for the first three months of operation. As budget coordinator, you have been assigned the following tasks: Book Prinn References Problem 14-23 Part 1 Required a. October sales are estimated to be $350,000, of which 35 percent will be cash and 65 percent will be credit. The company expects sales to increase at the rate of 20 percent per month. Prepare a sales budget Prepare a schedule of cash receipts. the next month's cost of goods sold. However, ending inventory of December is expected to be $13,100. Assume that all purchases b. The company expects to collect 100 percent of the accounts receivable generated by credit sales in the month following the sale c. The cost of goods sold is 70 percent of sales. The company desires to maintain a minimum ending inventory equal to 20 percent of