Current Attempt in Progress Oriole Company prepares monthly cast budgets Rel avant data ffrom aper ating bud sets for 2022 are as follows. 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 thesecond month following the sale. Sixty percent (60\%) of Airect materills 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 $1.040 of depreciation per monith. Other data: 1. Creditsales: November 2021, 9260,000 December 2021, 9332,800. 2. Purchases of direct materials: December 2021, 5104,000 3. Other receipts: January-Collection of December 31,2021 notes receivable $15,600; February-Proceeds from sale of securities $6240. 4. Other disbursements: February-Peyment of $6.240 cashdividend. The company's cash balance on January 1, 2022, is expected to be \$62,400. The company wants to maintain a minimum cash balance of $52,000 Prepare schedules for (1) expected collection: ffom cus toments and (2) expected payments for direct materials purchases for January and February. Prepare a cash budget for January and February in colymnar form