Weldon Industrial Gas Corporation supplies acetylene and other compressed gases to industry. D regarding the store's operations follow: Sales are budgeted at $360.000 for November, $380,000 for December, and $350,000 for January Collections are expected to be 75% in the month of sale, 20% in the month following the sale, and 5% uncollectible. The cost of goods sold is 65% of sales. The company desires an ending merchandise inventory equal to 60% of the cost of goods sold following month. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $21, 900. Monthly depreciation is $20,000. Ignore taxes. a. Prepare a Schedule of Expected Cash Collections for November and December. b. Prepare a Merchandise Purchases Budget for November and December. c. Prepare Cash Budgets for November and December. d. Prepare Budgeted Income Statements for November and December. e. Prepare a Budgeted Balance Sheet for the end of December