P4-A. Georgetown Corporation is preparing its master budget for the third quarter of 2006. The company's actual sales revenue for April, May, and June 2006 was $600,000, $750,000, and $820,000, respectively. The company's budgeted sales revenue for July, August, and September is $850,000,$760,000, and $800,000, respectively. Each month's sales are 40% cash sales and 60% sales on account. The company collects its accounts receivable in the following pattem: (1) 50% of the credit sales are collected in the month of the sale, (2) 35% of the month's credit sales are collected in the month after the month of sale, and (3) 15\% of the month's credit sales are collected in the second month after the month of sale. 1. Prepare the cash collections schedule for the Georgetown Corporation for the months of July August, and September 2006. The company does not anticipate receiving cash from any othe sources. 2. What is accounts receivable on September 30,2006? P4-B. Georgetown Corporation is preparing its master budget for the third quarter of 2023. The company's budgeted sales for July, August, and September is 85,000,76,000, and 80,000 , respectively. Beginning inventory is 9,000 . The company desired ending inventory of 10% of the current month's sales plus $500. 1. Prepare a production budget for Georgetown Corporation for the months of July, August, and September 2006. P4-C: Georgetown Corporation is preparing its master budget for the third quarter of 2006. The company's budgeted purchases for July, August, and September is $800,000, $700,000, and $650,000, respectively. Account payable on June 30 was $15,000. All purchases are on account. Of the purchases 80% of purchases are paid in the month of purchase and 20% is paid in the next month. 1. Prepare a cash payment schedule for Georgetown Corporation for the months of July, August, and September 2006. 2. Indicate the Accounts Payable balance as of September 30, 2006