Please correct mistakes and explain calculations

Weldon Industrial Gas Corporation supplies acetylene and other compressed gases to industry Data regarding the store's operations follow: Sales are budgeted at $300,000 for November, $320,000 for December, and $310,000 for January. Collections are expected to be 75% in the month of sale. 22% in the month following the sale, and 3% ectible The cost of goods sold is 76% of sales. The company desires an ending merchandise inventory equal to 80% 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 $20,400. Monthly depreciation is $15,400. Ignore taxes. Assets Cash 21,400 Accounts receivable (net of allowance for uncollectible accounts 81,400 Merchandise Inventory 182,400 Property, plant and equipment (net of $654,000 accumulated depreciation) 1,170,000 Total assets 1,455,200 Liabilities and Stockholders' Equity Accounts payable 198,400 Common stock 770,000 Retained earnings 486,800 Total liabilities and stockholders' equity 1,455,200 Required a. Prepare a Schedule of Expected Cash Collections for November and December. Answer is complete but not entirely correct WELDON INDUSTRIAL GAS CORPORATION Schedule of Expected Cash Collections November December Sales 300,000 320,000 Schedule of Expected Cash Collections Accounts receivable 81,400 243,000 225,000 V 70,400 November sales 70,400X December sales Total cash collections 306,400 383,800