Accounting Help. Pls Multiple Part Question.

Current Attempt in Progress Sunland Company prepares monthly cash budgets. Relevant data from operating budgets for 2020 are as follows. January February Sales $432,000 Direct materials purchases 135,000 $388,800 129,600 97,200 75,600 Direct labor Manufacturing overhead 108,000 81,000 91,800 Selling and administrative expenses 85,320 All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month following the sale. Sixty percent (60%) of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $1,080 of depreciation per month Other data: 1. Credit sales: November 2019, $270,000; December 2019, $345,600 2. Purchases of direct materials: December 2019. $108,000 3. Other receipts: January-Collection of December 31, 2019, notes receivable $16.200 February--Proceeds from sale of securities $6,480. 4. Other disbursements: February--Payment of $6,480 cash dividend. The company's cash balance on January 1, 2020, is expected to be $64,800. The company wants to maintain a minimum cash balance of $54,000. The company's cash balance on January 1, 2020, is expected to be $64,800. The company wants to maintain a minimum cash balance of $54,000. - Your answer is partially correct. Prepare schedules for (1) expected collections from customers and (2) expected payments for direct materials purchases for January and February Expected Collections from Customers January February November 54000 December 103680 January 194400 February 216000 129600 Total collections $ 671760 315360 Expected Payments for Direct Materials January February December January February Total payments 5 20980 132840 - Your answer is partially correct. Prepare a cash budget for January and February in columnar form. SUNLAND COMPANY Cash Budget For the Two Months Ending February 28, 2020 January February Beginning Cash Balance Add :: Receipts Collections from Customers Sale of Securities Notes Receivable Total Receipts Total Available Cash Less Disbursements Direct Labor Selling and Administrative Expenses Manufacturing Overhead Total Receipts Total Available Cash Less Disbursements Direct Labor Selling and Administrative Expenses Manufacturing Overhead Cash Dividend Total Disbursements Excess (Deficiency of Available Cash Over Cash Disbursements Financing Add : Borrowings Less Repayments Ending Cash Balance e Textbook and Media