Please help! I'm terrible at this. Attach is my homework problem. Thanks.

Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2014 are: January Sales Direct materials purchases Direct labor Manufacturing overhead Selling and administrative expenses $381,850 120,010 98,190 76,370 86,189 February $436,400 141,830 109,100 81,825 93,826 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 $1,091 of depreciation per month. Other data: 1. 2. 3. Credit sales: November 2013, $283,660; December 2013, $349,120. Purchases of direct materials: December 2013, $109,100. Other receipts: JanuaryCollection of December 31, 2013, notes receivable $16,365; FebruaryProceeds from sale of securities $6,546. 4. Other disbursements: FebruaryPayment of $5,455 cash dividend. The company's cash balance on January 1, 2014, is expected to be $65,460. The company wants to maintain a minimum cash balance of $54,550. Prepare schedules for (1) expected collections from customers and (2) expected payments for direct materials purchases. Expected Collections from Customers January February $ $ November December January February Total collections $ $ Expected Payments for Direct Materials January February $ $ December January February Total payments $ $ Prepare a cash budget for January and February in columnar form. COLTER COMPANY Cash Budget For the Two Months Ending February 28, 2014 January $ : : February $ : : $ $