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

• Sales are budgeted at $390,000 for November, $370,000 for December, and $380,000 for January.
• Collections are expected to be 90% in the month of sale, 5% in the month following the sale, and 5% uncollectible.
• The cost of goods sold is 60% of sales.
• The company purchases 70% of its merchandise in the month prior to the month of sale and 30% in the month of sale. Payment for merchandise is made in the month following the purchase.
• Other monthly expenses to be paid in cash are $21,800.
• Monthly depreciation is $18,000.
• Ignore taxes.

Weltin Industrial Gas Corp.
November December January
Beginning AR $71,000.00
Sales $351,000.00 $333,000.00
$19,500.00 $342,000.00
Total Cash Collected $422,000.00 $352,500.00 $342,000.00

COGS $234,000.00 $222,000.00 $228,000.00
Merch. Purchases $70,200.00 $159,600.00
$155,400.00 $66,600.00 $68,400.00
Total $225,600.00 $226,200.00 $68,400.00



Hey just wondering if these numbers are correct for the first two parts