Required:

$1.$ Prepare a schedule of expected cash collections from sales for each of the months July, August, and September, and for the quarter in total. $2.$ Prepare the following for merchandise inventory:

a$.$ An inventory purchases budget for each of the months July, August, and September. b$.$ A schedule of expected cash disbursements for inventory for each of the months July, August, and September and for the quarter in total. $3.$ Prepare a cash budget for the third quarter, by month as well as in total for the quarter. Show borrowings from the company$$s bank and repayments to the bank, as needed, to maintain the minimum cash balance. $($Roundup "Borrowing" and "Repayments" answers to the nearest whole dollar amount. Any "Repayments" and "Interest" should be indicated by a minus sign.$)$