Please help, i posted this question & someone answered it but it was completely wrong :((

Help [The following Information applies to the questions displayed below) Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company's balance sheet as of June 30th is shown below: Beech Corporation Balance Sheet June 30 Assets Cash Accounts receivable Inventory Plant and equipment, net of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 71,000 131,000 45,500 215,000 5.462,500 $ 76,000 307,000 79.500 $ 462,500 Beech's managers have made the following additional assumptions and estimates: 1. Estimated sales for July, August September, and October will be $260,000, $280,000, $270,000, and $290,000, respectively. 2. All sales are on credit and all credit sales are collected. Each month's credit sales are collected 35% in the month of sale and 65% In the month following the sale. All of the accounts receivable at June 30 will be collected in July 3. Each month's ending inventory must equal 25% of the cost of next month's sales. The cost of goods sold is 70% of sales. The company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase. All of the accounts payable of June 30 will be paid in July 4. Monthly selling and administrative expenses are always $48,000. Each month $5,000 of this total amount is depreciation expense and the remaining $43,000 relates to expenses that are paid in the month they are incurred. 5. The company does not plan to borrow money or pay or declare dividends during the quarter ended September 30. The company does not plan to issue any common stock or repurchase its own stock during the quarter ended September 30, Complete this question by entering your answers in the tabs below. Req 1 Req 2A Reg 2B Req3 Reg 4 Prepare a merchandise purchases budget for July, August, and September. Also compute total merchandise purchases for the quarter ended September 30. + July Merchandise Purchases Budget August September Quarter Budgeted cost of goods sold 182,000 196,000 $ 189,000 S 567,000 Add: Desired ending merchandise inventory Total needs Less: Beginning merchandise inventory 45,500 Required purchases Reg 1 Req 2A Req 2B Reg 3 Reg 4 Prepare a schedule of expected cash disbursements for merchandise purchases fo Schedule of Cash Disbursements for Purchases July August September Quarter From accounts payable $ 76,000 $ of $ ol$ 76,000 For July purchases 0 0 For August purchases 0 0 For September purchases 0 0 Total cash disbursements $ 76,000 $ ols 0 $ 76,000 Beech Corporation Balance Sheet September 30 Assets Cash Accounts receivable 175,500 Inventory Plant and equipment, net 200,000 $ 375,500 Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 0