The operating cycle of a merchandiser with credit sales includes the following five activities. With merchandise acquisition as the starting point, arrange the events in the correct order.

$\backslash$table$[[$a$.,$Sell merchandise on credit to customers.,$],[$b$.,$Monitor receivables from customers.,$],[$c$.,$Receive payment in cash from customers on account.,$],[$d$.,$Acquire merchandise with cash.,$],[$e$.,$Arrange merchandise for sale.,$]]$