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 83,300 201,600 1.007.000 $1,314,200 Accounts receivable Merchandise inventory Property, plant and equipment (net of $597,000 accumulated depreciation) Total assets Liabilities and stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 195,300 650,000 462.900 $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 Complete this question by entering your answers in the tabs below. Required A Required B Required Required D Required E Prepare a Schedule of Expected Cash Collections for November and December November December Sales Schedule of Expected Cash Collections Accounts receivable November sales December sales Total cash collections $ 0 $ Set Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D Required E Prepare a Merchandise Purchases Budget for November and December. November December Budgeted cost of goods sold Total needs 0 $ 0 $ Required purchases 0 Complete this question by entering your answers in the tabs below. Required A Required B DETTE Required a Required D Required E Prepare Cash Budgets for November and December. November December Cash disbursements for merchandise Other monthly cash expenses Total cash disbursements 0 $ 0 0 0 Beginning cash balance Add cash receipts Total cash available Less cash disbursements Excess (deficiency) of cash available over disbursements Financing Ending cash balance 0 0 $ 0$ 0 Complete this question by entering your answers in the tabs below. Required A Required B Required C Reqched D Required E Prepare Budgeted Income Statements for November and December. November December Sales Cost of goods sold 0 0 Other monthly expenses Depreciation $ 0$ 0 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required Prepare a Budgeted Balance Sheet for the end of December Balance Sheet December 31 Assets Cash Accounts receivable Inventory Property, plant and equipment (net of accumulated depreciation) Total assets $ 0 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 0