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Des Corporation is a wholesaler of industrial goods. Data regarding the store's operations ow: Sales are budgeted at $410,000 for November, $420,000 for December, and $400,000 for January Collections are expected to be 65% in the month of sale and 35% in the month following the sale. The cost of goods sold is 60% of sales. The company desires an ending merchandise inventory equal to 45% of the cost of goods sold in the following month. Payment for merchandise is made in the month following the purchase. The November beginning balance in the accounts receivable account is $76,000. The November beginning balance in the accounts payable account is $263,000. uired: repare a Schedule of Expected Cash Collections for November and December repare a Merchandise Purchases Budget for November and December. Complete this question by entering your answers in the tabs below. equired A Required B epare a Schedule of Expected Cash Collections for November and December. November December Es BB