1) Cici the icon to vew the information Requiremtnts combined 2. Prepare a combined cakh budget, if no financing astrity takes place, what is the budgeted cash balance on Ficraary 2 as? Reguirement ta. Prepare a schesule ef budgeted cash colsectons for Januay and Fobruary. Show wotals for esch morth and totate for January and fesriary combened . More info a. Sales are 65% cash and 35% credit. Credit sales are collected 30% in the month of sale and the remainder in the month after sale. Actual sales in December were $51,000. Schedules of budgeted sales for the two months of the upcoming year are as follows: b. Actual purchases of direct materials in December were $24,000. The company's purchases of direct materials in January are budgeted to be $20,000 and $27,000 in February. All purchases are paid 30% in the month of purchase and 70% the following month. c. Salaries and sales commissions are also paid half in the month earned and half the next month. Actual salaries were $8,500 in December. Budgeted salaries in January are $9,500 and February budgeted salaries are $11,000. Sales commissions each month are 15% of that month's sales. d. Rent expense is $3,200 per month. e. Depreciation is $2,400 per month. f. Estimated income tax payments are made at the end of January. The estimated tax payment is projected to be $14,000. g. The cash balance at the end of the prior year was $18,000