only need Requirments C, D, E

Weller Industrial Gas Corporation supplies acetylene and other compressed gases to Industry Data regarding the store's operations follow Sales are budgeted at $350,000 for November $370,000 for December, and $360,000 for January Collections are expected to be 75% in the month of sale and 25% in the month following the sale. The cost of goods sold is 74% of sales. The company desires an ending merchandise inventory equal to 70% of the cost of goods sold in the following month Payment for merchandise is made in the month following the purchase Other monthly expenses to be paid in cash are $20,800 Monthly depreciation is $20.600. . Ignore taxes . Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment (net of $592,eee accumulated depreciation) Total assets $ 21,6ee 82,600 181,300 1, e82, eee $1,287,500 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings $ 195,600 57e, eee 521,900 Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment (net of $592,eee accumulated depreciation) Total assets $ 21,600 82,600 181,300 1,082,000 $1,287,500 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 195,600 570, eee 521,900 $1,287,500 Required: a. Prepare a Schedule of Expected Cash Collections for November and December b. Prepare a Merchandise Purchases Budget for November and December c. Prepare Cash Budgets for November and December. d. Prepare Budgeted Income Statements for November and December e. Prepare a Budgeted Balance Sheet for the end of December