Required: Prepare a purchases budget of Royal Music Ltd for July through October. (8 marks) b. Nyameye Company Ltd has forecasted its sales for the last quarter of the financial year-end December 31 as follows: August GH90,000 (actual) September GH 140,000 (actual) October GH180,000 November December GH200,000 GH225,000 Nyameye has experienced cash collections from sales as 40 per cent during the month of sale, 50 per cent in the month after the sale, and 10 per cent the second month after the sale. Required: Prepare a schedule of the expected cash receipts for the three months, October through December and determine the expected account receivable balance on December 31? (8 marks)