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Deacoo Company is a merchendiung compeny that is preporing a butget for the three-month period ended June 30 th. The folowing information is avilable Budgeting Astumphions: a. COS of sales aie cosh sales and 40 s of sales ore credit sales. Twenty percent of al credit sales mie colected in the month of sale and the rempining fOS wre collected in the month wesequent to the saie. b. Gludgeted snies for Nity are $105.000. paid in Apily. d. Each monter's ensing meschandite invertory should pqual $10,000 plus 50 s. of the next monthis cost of goods sold. incures Required: 1 Calculate itie expected cosh collections for Aprit Mary, and June. 2. Colculate the budgeted merchandise purcheses for Apon, Max, and fune Z-Calculote the expected cash diburements for merchandise purchases for Aprit, Woy, and June duting Aoril, May. and June to determine the cash bolance in your June 30 th balance sheet) Complete this question ty emtering your answers in the tabs below