If you also know how to prepare an operating expense budget, bugeted income statement, cash collections budget, cash payments budget and a combined cash budget I'd greatly appericate the help!

Penny Saver Store is a local discount store with the following information: EEB (Click the icon to view the information.) Read the requirements. Data Table October sales are projected to be S340,000 Sales are projected to increase by 15% in November and another 20% in December and then return to the October level in January 20% of sales are made in cash while the remaining 80% are paid by credit or debit cards. The credit card companies and banks (debit card issuers) charge a 5% transaction fee, and deposit the net amount (sales price less the transaction fee) in the store's bank account daily. The store does not accept checks. Because of the payment mechanisms, there is no risk of non-payment or bad-debts. Requirement 1. Prepare the sales budget for November and December. Penny Saver Store Sales Budget For the Months of November and December November December Cash sales Credit sales Total sales Requirement 2. Prepare the cost of goods sold, inventory, and purchases budget for November and December 78,200 $ 312,800 391,000 $ 93,840 375,360 469,200 The store's gross profit is 25% of its sales revenue For the next several months, the store wants to maintain an ending merchandise inventory equal to $18,000 plus 10% of the next month's cost of goods sold. All purchases for merchandise are made on account and paid in the month following the purchase. The September 30 inventory is expected to be $43,500 Expected monthly operating expenses and details about payments include the following: Wages of store workers should be $7,300 per month and are paid on the last day of each month Penny Saver Store Cost of Goods Sold, Inventory, and Purchases Budget For the Months of November and December Utilities expense is expected to be $1,300 per month in September, October, and Utilities expense is expected to be $1,800 per month during the colder months of December, January, and February All utility bills are paid the month after incurred. Property tax is $16,800 per year and is paid semiannually each December and June November December Cost of goods sold Plus: Desired ending inventory Total inventory required Less: Beginning inventory .Property and liability insurance is $18,000 per year and is paid semiannually each January and July .Depreciaton expense is $168,000 per year; the straight-line method used Transaction fees, as stated earlier, are 5% of credit and debit card sales. .Cash dividends of S280,000 are to be paid in December Assume the cash balance on October 31 is S55,000. The company wants to maintain