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 $584,000 accumulated depreciation)		1008,000
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.