Weldon Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations Sales are budgeted at $360,000 for November, $380,000 for December, and $370,000 for January. Collections are expected to be 75% in the month of sale, 22% in the month following the sale, and 3% uncollectible. The cost of goods sold is 73% of sales. The company desires an ending merchandise inventory equal to 85% of the cost of goods sold in the following month. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $21,400. Monthly depreciation is $16,400. Ignore taxes. 22.400 Accounts receivable (net of allowance for Merchandise Inventory Property, plant and equipment (net of 1,170,000 $662,000 accumulated depreciation) Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings 199.400 18,780 Total liabilities and stockholders' equity s 1,498,180 a. Prepare a Schedule of Expected Cash Collections for November and December Schedule of Expected Cash Colections Schedule of Expected Cash Collections Total cash collections