I know it's long, but I would appreciate it if all parts are completed. Please and thank you.

Beechs managers have made the following additional assumptions and estimates:

Estimated sales for July, August, September, and October will be $230,000, $250,000, $240,000, and $260,000, respectively.

All sales are on credit and all credit sales are collected. Each months 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.

Each months ending inventory must equal 30% of the cost of next months sales. The cost of goods sold is 70% of sales. The company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase. All of the accounts payable at June 30 will be paid in July.

Monthly selling and administrative expenses are always $42,000. Each month $7,000 of this total amount is depreciation expense and the remaining $35,000 relates to expenses that are paid in the month they are incurred.

The company does not plan to borrow money or pay or declare dividends during the quarter ended September 30. The company does not plan to issue any common stock or repurchase its own stock during the quarter ended September 30.

Beech Corporation Balance Sheet June 30 Assets Cash Accounts receivable Inventory Plant and equipment, net of depreciation Total assets $ 70,000 134,000 48,300 212,080 $ 464,300 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings $ 73,000 306,000 Total liabilities and stockholders equity $ 464,300 Required 1. Prepare a schedule of expected cash collections for July, August, and September. Also compute total cash collections for the quarter ended September 30. 2-a. Prepare a merchandise purchases budget for July, August, and September. 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 September. Also compute total cash disbursements for merchandise purchases for the quarter ended September 30 3. Prepare an income statement 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 Required Required 2A Required 28 Required 3 Required 4 Prepare a schedule of expected cash collections for July, August, and September. Also compute total cash collections for the quarter ended September 30 Beech Corporation Income Statement For the Quarter Ended September 30 Schedule of Expected Cash Collections Month July August September Quarter From July sales From August sales From September sales Total cash collections Booch Merchandise Purchases Budget Dalance Sheet July AugustSeptember Quarter September 30 Assets Total needs Required purchases Schedule of Cash Disbursements for Purchases Total assets August September Quarter Liabilities and Stockholders' Cquity From July purchases From August purchases From September purchases Total cash disbursements Total labiitico and otockholdcra' cquity