Metlock State sells electronic products. The controller is responsible for preparing the master budget and has accumulated the information below for the months of January. February, and March. Balances at January 1 are expected to be as follows: The budget is to be based on the following assumptions: 1. Each month's sales are billed on the last day of the month. 2 Cuntomers are allowed a 3 k dicount if their poryment is made within 10 dars after the billing date, Receivables are booked at bross. 3. The company collects 60% of the billings within the discount period, 25% by the end of the month after the date of sale, and 9x: by the end of the second month after the date of sale; 6% prove uncollectible. 4. Itpays 54% of all materials purchases and the selline general, and administrative expenses in the month purchased and the remainder in the following month Each month's units of ending inventory are equal to 1306 of the next month's units of sales. 5. Thecost of esch unit of inventory is $20. 6. Selling general, and administrative expenses, of which $2,100 is for depreciation are equal to 15 of the current month's sales. 7. Actualand projected sales are as follow: (a) Calculato the budgeted conh disbursements during the month of february. Calculate the budgeted cash collections during the month of January