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 Shareholder's Equity
Accounts payable	$	196,400
Common shares		660,000
Retained earnings		480,780
Total liabilities and shareholder's 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.

For A

• Required A

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	$0

• For B
• Required B

• Prepare a Merchandise Purchases Budget for November and December.

  	November	December
  Budgeted cost of goods sold	$262,800	$277,400
  Total needs	262,800	277,400
  Required purchases	$262,800	$277,400

• For c
• Required C
• Prepare Cash Budgets for November and December.

• 	November	December
  Cash disbursements for merchandise
  Other monthly cash expenses
  Total cash disbursements	$0	$0
  Beginning cash balance
  Add cash receipts
  Total cash available	0	0
  Less cash disbursements
  Excess (deficiency) of cash available over disbursements	0	0
  Financing
  Ending cash balance	$0	$0

• For d
• Required d

• Prepare Budgeted Income Statements for November and December.

  	November	December
  Sales
  Cost of goods sold
  	0	0
  Other monthly expenses
  Depreciation
  	$0	$0

• Required E

• 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 Shareholder's Equity
  Accounts payable
  Common shares
  Retained earnings
  Total liabilities and shareholder's equity	$0

please ans fast