Quolala is a merchandising company. Quolala expects unit sales for the coming year as follows: March 15,000 April 23,000 May 31,000 June 47,000 July 56,000 The average selling price is $23 per unit. The company's policy is to maintain month-end inventory levels at 30% of next month's anticipated sales. All sales are made on credit, and expected collections are as follows: 70% collected in the month of sale 20% collected in the month following the sale 10% collected in the second month following the sale. Cost of goods sold equals 80% of the sales price. The company pays cash for all purchases of inventory, at the time of purchase. Required: A) How much inventory (how many units) will Quolala expect to purchase in June? B) What will be the dollar amount of accounts receivable at the end of July? C) How much should the company expect to pay (i.e., credits to cash, debits to inventory) for purchases of inventory in May? D) What can the company expect to collect in receivables (i.e., debits to cash, credits to accounts receivable) in June?