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Oneida Company's operations began in August, August sales were $160,000 and purchases were $115,000. The beginning cash balance for september is $30,500. Oneida's owner approaches the bank for a $108,500 loan to be made on September 2 and repaid on November 30. The bank's loan officer asks the owner to prepare monthly cash budgets. Its budgeted sales, merchandise purchases, and cash payments for other expenses for the next three months follow. Budgeted September October November Sales $ 250,000 $ 445,000 $ 460,000 Merchandise purchases 225,000 215,000 196,000 Cash payments Salaries 29,600 29,600 29,600 Rent 12,800 12,000 12,800 Insurance 4,700 4,700 4,700 Repayment of loan 108,500 Interest on loan 1,085 1,885 1,085 All sales are on credit where 73% of credit sales are collected in the month following the sale, and the remaining 27% collected in the second month following the sale. All merchandise is purchased on credit: 83% of the balance is paid in the month following a purchase, and the remaining 17% is paid in the second month Required: Prepare the following for the months of September, October, and November 1. Schedule of cash receipts from sales. 2. Schedule of cash payments for direct materials, 3. Cash budget Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the schedule of cash receipts from sales. ONEIDA COMPANY Schedule of Cash Receipts from Sales September October November $ 250,000 $ 445,000 $ 460,000 Sales Cash receipts from: Prior period sales Two periods prior sales Total cash receipts Requindi Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the schedule of cash payments for direct materials. ONEIDA COMPANY Schedule of Cash Payments for Direct Materials September October November Materials purchases $ 225,000 $ 215,000 $ 196,000 Cash payments for Prior period purchases Two periods prior purchases Total cash payments

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