Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow:

• 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 and 25% in the month following the sale.
• 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 $21,600.
• Monthly depreciation is $21,400.
• Ignore taxes.

Balance Sheet
October 31
Assets
Cash	$ 22,400
Accounts receivable	83,400
Merchandise inventory	223,380
Property, plant and equipment (net of $598,000 accumulated depreciation)	1,008,000
Total assets	$ 1,337,180
Liabilities and Stockholders' Equity
Accounts payable	$ 196,400
Common stock	660,000
Retained earnings	480,780
Total liabilities and stockholders' equity	$ 1,337,180

Required:

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.