Required: 1. Using the information provided, calculate or prepare the following a. The budgeted cash collections for October b. The budgeted merchandise purchases for October c. The budgeted cash disbursements for merchandise purchases for October d. The budgeted net operating income for October e. A budgeted balance sheet at October 31. 2. Assume the following changes to the underlying budgeting assumptions 1) 50% of a month's credit sales are collected in the month the sales are made and the remaining 50% s collected in the following month, 2) the ending merchandise inventory is always 10% of the following month's cost of goods sold, and 20% of all purchases are paid for in the month of purchase and 80% are paid for in the following month. Using these new assumptions, calculate or prepare the following a. The budgeted cash collections for October b. The budgeted merchandise purchases for October c The budgeted cash disbursements for merchandise purchases for October d. Net operating income for the month of October e. A budgeted balance sheet at October 31 Complete this question by entering your answers in the tabs below Req 1A Req 18 Req 1C Req 1D Req 1E Req 2A Req 2B Req 2c Req 20 Req 2E Prepare the budgeted cash collections for October ons for October Required: 1. Using the information provided, calculate or prepare the following a. The budgeted cash collections for October b. The budgeted merchandise purchases for October c. The budgeted cash disbursements for merchandise purchases for October d. The budgeted net operating income for October e. A budgeted balance sheet at October 31. 2. Assume the following changes to the underlying budgeting assumptions 1) 50% of a month's credit sales are collected in the month the sales are made and the remaining 50% s collected in the following month, 2) the ending merchandise inventory is always 10% of the following month's cost of goods sold, and 20% of all purchases are paid for in the month of purchase and 80% are paid for in the following month. Using these new assumptions, calculate or prepare the following a. The budgeted cash collections for October b. The budgeted merchandise purchases for October c The budgeted cash disbursements for merchandise purchases for October d. Net operating income for the month of October e. A budgeted balance sheet at October 31 Complete this question by entering your answers in the tabs below Req 1A Req 18 Req 1C Req 1D Req 1E Req 2A Req 2B Req 2c Req 20 Req 2E Prepare the budgeted cash collections for October ons for October