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 72% of sales.
• The company desires an ending merchandise inventory equal to 80% 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 $21,500.
• Monthly depreciation is $21,300.
• Ignore taxes.

Balance Sheet October 31
Assets
Cash	$	22,300
Accounts receivable		83,300
Merchandise inventory		201,600
Property, plant and equipment (net of $597,000 accumulated depreciation)		1,007,000
Total assets	$	1,314,200
Liabilities and Stockholders' Equity
Accounts payable	$	196,300
Common stock		650,000
Retained earnings		467,900
Total liabilities and stockholders' equity	$	1,314,200

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