Problem 11- (Part Level Sution) Ceramy prepares match budgets Relevant rom congue for 2017 we wsi 3200 114.400 Director Mancing ved 14000 140 000 112,000 100.800 All sales are on act ions we expected to be the o t her mom ne poda thoo d bence des pain the month following the case. All other m $1,120 of depreciation pero Other data: 1 Credits Movember 2016. 280.000, December 2016 .00 2 Purchases of Great December 2016, 112.000 and ove are the second mo the the othed r 4. February-Proceeds from so Other disbursements: February- ment of u rces 6.720 720 h i nd The company's cash balance on January 1, 2017, s pected to be $67,200 The company was to c hance of 54.00 Prepare schedules for (1) expected collections Promostomers and 21 cdament for direct manera puthese formuary and Expected Collections from Customers December Total collections w idtan a minimum cash balance of $56,000. 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 December January February Total collections Expected Payments for Direct Materials February December January February Total payments Click if you would like to Show Work for this questioni on Show Work