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Sales in January were $ 4 6 0 , 8 0 0 and sales in February were $ 5 1 2 , 0 0 0

Sales in January were $460,800 and sales in February were $512,000
Direct materials purchases in January was 153,600 and in February 160,000
Direct labor in January was 115,200 and in February was 128,000
Manufacturing overhead in January was 89,600 and in February was 96,000
Selling and administrative expenses in January was 101,120 and in February was 108,800
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 $1,280 of depreciation per month.
Other data:
1. Credit sales: November 2021, $320,000; December 2021, $409,600.
2. Purchases of direct materials: December 2021, $128,000.
3. Other receipts: January Collection of December 31,2021, notes receivable $19,200; February-Proceeds from sale of securities $7,680.
4. Other disbursements: February Payment of $7,680 cash dividend.
The company's cash balance on January 1,2022, is expected to be $76,800. The company wants to maintain a minimum cash balance of $64,000.
Prepare a cash Budget for January and February in columnar form

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