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

Sales are budgeted at $350,000 for November, $370,000 for December, and $360,000 for January.

Collections are expected to be 80% in the month of sale and 20% in the month following the sale.

The cost of goods sold is 69% of sales.

The company desires an ending merchandise inventory equal to 70% 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 $22,300.

Monthly depreciation is $22,100.

Ignore taxes.

Balance Sheet October 31
Assets
Cash	$	23,100
Accounts receivable		84,100
Merchandise inventory		169,050
Property, plant and equipment (net of $605,000 accumulated depreciation)		1,015,000
Total assets	$	1,291,250
Liabilities and Stockholders' Equity
Accounts payable	$	197,100
Common stock		950,000
Retained earnings		144,150
Total liabilities and stockholders' equity	$	1,291,250

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.