please help this problem is due today

Current Attempt in Progress Carla Vista Company prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as follows. January February Sales $424,800 $472000 Direct materials purchases 141,600 147.500 Direct labor 106,200 118,000 Manufacturing overhead 82.600 88,500 Selling and administrative expenses 93.220 100,300 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 $1.180 of depreciation per month Other data: O o 3 79F Clear A6 6:54 PM : 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 51,180 of depreciation per months Other data: 1. Credit sales: November 2021. $295,000: December 2021. $377,600 2 3. Purchases of direct materials: December 2021.5118,000. Other receipts: January-Collection of December 31, 2021, notes receivable $17.700; February-Proceeds from sale of securities $7.080 Other disbursements: February - Payment of $7,080 cash dividend. 4 The company's cash balance on January 1, 2022, is expected to be $70,800. The company wants to maintain a minimum cash balance of $59.000 a. 1.33/12 1 Question 3 of 4 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 $ 48000 December 92160 69440 January 172800 103660 February 192000 Total collections 312960 357120 Expected Payments for Direct Materials catch 8:55 PM + BUS-317 Topic 07 Assignment Question 3 of 4 1.33/12 III : Expected Payments for Direct Materials January February December $ 38400 January 69120 46080 February 72000 Total payments 107520 $ 118000 e Textbook and Media Attempts: 1 of 5 used Submit Answer estion 3 of 4 1.23/12 CARLA VISTA COMPARTY Cash Budget v 3 * hop 4. C Ro $ 4 96 5 un 6 N 8 R T Y C 1 c G H J K V B N M AN y.com/www/odech 4220 > hop $ 4 96 5 6 & 7 8 00 R R 20 T Y U J 1 D F G H K WWP Misessment Payer Ul Application launchid.84660025-9034.4232-8991-9dbd068589 AN 07 3 33/12 CARLA VISTA COMIY Cash Budget 5 Sim AO hop 10 - 4- ort Ro & 6 & 7 - + 8 00 9 0 . Y P. U [ J K L