Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow:

Sales are budgeted at $330,000 for November, $350,000 for December, and $340,000 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 70% of sales.
The company desires an ending merchandise inventory equal to 70% 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 $21,300.
Monthly depreciation is $21,100.
Ignore taxes.

Balance Sheet
October 31
Assets
Cash $ 22,100
Accounts receivable 83,100
Merchandise inventory 161,700
Property, plant and equipment (net of $595,000 accumulated depreciation) 1,005,000
Total assets $ 1,271,900
Liabilities and Stockholders' Equity
Accounts payable $ 196,100
Common stock 630,000
Retained earnings 445,800
Total liabilities and stockholders' equity $ 1,271,900

Required:
Prepare a Schedule of Expected Cash Collections for November and December.
Prepare a Merchandise Purchases Budget for November and December.
Prepare Cash Budgets for November and December.
Prepare Budgeted Income Statements for November and December.
Prepare a Budgeted Balance Sheet for the end of December