The January 31, 2006 balance sheet of Weymann World follows:

Assets:

Cash   ........................ $12,000

Accts. Rec. (net of allowance for uncollectible of $1,440) .. $34,560

Inventory ...................... $52,400

Plant Assets (net of accum. depr. of $60,000) ....... $36,000

Total Assets: ..................... $134,960

Liabilities/Stockholder's Equity

Accts. Pay. ..................... $70,200

Common Stock ..................... $25,000

Retained Earnings ................... $39,760

Total Liabilities and S/E: ............... $134,960

Additional information is as follows:

*Expected sales for February and March are $120,000 and $130,000 respectively.

*The collection pattern from the month of sale forward is 50%, 48%, and 2% uncollectible.

*Cost of goods sold is 65% of sales.

*Purchases each month are 60% of the current month's sales and 30% of the next month's projected sales.  All purchases are paid for in full in the month following the purchase.

*Selling and administrative expenses each month are $21,500, of which $4,000 is depreciation.

a. What are the budgeted cash collections for February 2006?

b. What will be the inventory account balance at February 28, 2006?

c. What will be the projected balance in the Retained Earnings account at February 28, 2006?

d. If the company wishes to maintain a minimum cash balance of $8,000, how much will be available for investment or need to be borrowed at the end of February 2006?