Use the following information to answer the questions below ( 15 marks available). Handy Hardware is a retail hardware store. Information about the store's operations follows: - November 2021 sales amounted to $100,000. - Sales are budgeted at $120,000 for December 2021 and $100,000 for January 2022. - Collections are expected to be 60 percent in the month of sale and 38 percent in the month following the sale. Two percent of sales are expected to be uncollectible. Bad debts expense is recognised month. - The store's gross margin is 25 percent of its sales revenue. - A total of 80 percent of the merchandise for resale is purchased in the month prior to the month of sale, and 20 percent is purchased in the month of sale. Payment for merchandise is made in the month following the purchase. - Other monthly expenses paid in cash amount to $22,600. - Annual depreciation is $216,000 The company's balance sheet as of November 30,2021 is as follows: Assets Part B - Question 3A Complete the budgeted cash collections for December 2021. ( 3 marks available) Part B - Question 3B Complete the budgeted incotne (loss) before income taxes for December 2021. ( 6 marks available) Part B - Question 3C Complete the projected balance in accounts payable on December 31, 2021. (4 marks available)