with the information provided, please fill in the blanks for the Required 1, 2A, 2B, 3, & 4

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Requlred Information [The following information applies to the questions displayed beiow] Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company's balance sheet as of June 30th is shown below Beech's managers have made the following additional assumptions and estimates: 1. Estimated sales for July. August, September, and October will be $210,000,$230,000,$220,000, and $240,000, respectively. 2 All sales are on credit and all credit sales are collected. Each month's credit sales are collected 35% in the month of sale and 65% in the month following the sale. All of the accounts receivable at June 30 will be collected in July. 3. Each month's ending imventory must equal 30% of the cost of next month's sales. The cost of goods sold is 60% of sales. The company pays for 40% of its merchandise purchases in the month of the purchose and the remaining 60% in the month following the purchase. All of the accounts payable at June 30 will be poid in July. 4. Monthly selling and administrative expenses are always $60,000. Each month $5.000 of this total amount is depreciation expense and the remaining $55,000 reiates to expenses that are paid in the month they are incurred 5. The company does not plan to borrow money or pay or declare dividends during the quarter ended September 30 . The compary does not plan to issue any common stock or repurchase its own stock during the quarter ended September 30 . Requlred: 1. Prepare a schedule of expected cosh coliections for July. August, and September. 2. a. Prepare a merchandise purchases budget for July, August, and Septembet. Also compute total merchandise purchases for the quarter ended September 30. 2-b. Prepare a schedule of expected cash disbursements for merchandise purchases for July. August, and Septembec. 3. Prepare an income statement that computes net operating income for the quarter ended September 30 . 4. Prepare a balance sheet as of September 30. Requlred: 1. Prepare a schedule of expected cash collections for July. August, and September. 2-a. Prepare a merchandise purchases budget for July. August, and September. Also compute total merchandise purchases for the puarter ended September 30. 2-b. Prepare a schedule of expected cash disbursements for merchandise purchases for July. August, and September. 3. Prepare an income statement that computes net operating income for the quarter ended September 30. 7. Prepare a balance sheet as of September 30. Complete this question by entering your answers in the tabs below. Prepare a schedule of expected cash collections for July. August, and September. Requlred: 1. Prepare a schedule of expected cash collections for July. August, and September. 2-a. Prepare a merchandise purchases budget for July. August, and September. Also compute total merchandise purchases quarter ended September 30. 2-b. Prepare a schedule of expected cash disbursements for merchandise purchases for July. August, and September. 3. Prepare an income statement that computes net operating income for the quarter ended September 30. 4. Prepare a balance sheet as of September 30. Complete this question by entering your answers in the tabs below. Prepare a merchandise purchases budget for July, August, and September. Also compute total merchandise purchases for the quarter ended September 30. Requlred: 1. Prepare a schedule of expected cash collections for July. August, and September. 2-a. Prepare a merchandise purchases budget for July. August, and September. Also compute total merchandise purchases quarter ended September 30. 2-b. Prepare a schedule of expected cash disbursements for merchandise purchases for July. August, and September. 3. Prepare an income statement that computes net operating income for the quarter ended September 30 . 4. Prepare a balance sheet as of September 30. Complete this question by entering your answers in the tabs below. Prepare a schedule of expected cash disbursements for merchandise purchases for July, August, and Septernber. Requlred: 1. Prepare a schedule of expected cash collections for July. August, and September. 2-a. Prepare a merchandise purchases budget for July. August, and September. Also compute total merchandise purchase: quarter ended September 30. 2-b. Prepare a schedule of expected cash disbursements for merchandise purchases for July. August, and September. 3. Prepare an income statement that computes net operating income for the quarter ended September 30. 4. Prepare a balance sheet as of September 30 . Complete this question by entering your answers in the tabs below. Prepare an income statement that computes net operating income for the quarter ended September 30. Requlred: 1. Prepare a schedule of expected cash collections for July. August, and September. 2-a. Prepare a merchandise purchases budget for July. August, and September. Also compute total merchandise purchases for quarter ended September 30. 2-b. Prepare a schedule of expected cash disbursements for merchandise purchases for July, August, and September. 3. Prepare an income statement that computes net operating income for the quarter ended September 30. 4. Prepare a balance sheet as of September 30. Complete this question by entering your answers in the tabs below. Prepare a balance sheet as of September 30