11. Shown below is data taken from the operating budgets prepared by the Nasus Corporation for the first quarter: Nasus expects to receive $20 per unit from sales of its inventory; direct materials costs are expected to be $10 per pound. Based on past experience, Nasus collects 10% of its sales in cash. Of the remaining sales, half are collected in the month of the sale and the other half are collected in the month following the sale. Nasus' accounts receivable at December 31st was $60,000. Nasus pays for 20% of its material purchases in cash. Of the remainder, 60% is paid in the month of the purchase with the remainder paid in the following month. Nasus' account payable at December 31st was $23,000. In addition to purchases of materials, Nasus also expects to incur the following expenses each month, which are paid as they are incurred: The overhead costs include $5,000 of depreciation. The balance in Nasus' cash account at December 31st was $25,000. Required: Prepare the cash receipts, cash disbursements, and combined cash budgets for the firs quarter