Bramble Company prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as follows. Sales Direct materials purchases Direct labor Manufacturing overhead Selling and administrative expenses Other data: 1. 2. 3. January $439,200 4. 146,400 109,800 85,400 96,380 February $488,000 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 $1,220 of depreciation per month. 152,500 122,000 91,500 103,700 Credit sales: November 2021, $305,000; December 2021, $390,400. Purchases of direct materials: December 2021, $122,000. Other eceipts: January-Collection of December 31, 2021, notes receivable $18,300; February-Proceeds from sale of securities $7,320. Other disbursements: February-Payment of $7,320 cash dividend.

adrinistrative expensies that include 51.220 of depreciation per month Other data: 1. Credtuales: Nowember 2a21 $305000 Decrouber 2021,5990400 2. Purchasen of direct materials: Detember 2021.5122,000. Frbriag- Froceds trom ple of serurities 57, 720 The company's cash balance on January 1,2022, is expected to be $73,200. The cempary wants to maintain a minimum cash balance of $61000. Prepare schedules for (1) expected collections from customers and (2) expected payments for direct materials pur thases for January and February Prepare a c2 h budget for January and February in columnar form. Prepare a cash budiget for Jamuary and Febnuary in columas form