Prepare a Schedule of Expected Cash Collections for November and December. Prepare a Merchandise Purchases Budget for November and December. \begin{tabular}{|l|l|l|} \hline Sales & November & December \\ \hline Cost of goods sold & & \\ \hline & & \\ \hline Other monthly expenses & & \\ \hline Depreciation & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Balance Sheet } \\ \hline December 31 \\ \hline Assets \\ \hline Cash \\ \hline Accounts receivable \\ \hline Inventory \\ \hline Property, plant and equipment (net of accumulated depreciation) \\ \hline Total assets \\ \hline Liabilities and Stockholders' Equity \\ \hline Accounts payable \\ \hline Common stock \\ \hline Retained earnings \\ \hline Total liabilities and stockholders' equity \\ \hline \end{tabular} Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow: - Sales are budgeted at $370,000 for November, $390,000 for December, and $380,000 for January. - Collections are expected to be 80% in the month of sale and 20% in the month following the sale. - The cost of goods sold is 74% 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 $21700 - Monthly depreciation is $21,500 - Ignore taxes. Required: a. Prepare a Schedule of Expected Cash Collections for November and December. b. Prepare a Marchandise Purchases Budget for November and December c. Prepare Cosh Budgets for November and December d. Prepare Budgeted income Statements for November and December: e. Prepare o Budgeted Butance Sheet for the end or December. Complete this question by entering your answers in the tabs below