(2) 20 minutes) following information pertains to the January operating budget for Qais Compersuson. - Collections for sales are 600% - Gross margin is 30% of sales. - Administrative costs are $10,000 each monh. - Beginning accounts receivable $20,000. - Beginning inventory $14,000, - Beginning accounts payable $60,000. (All from inventory purchases.) - Purchases are paid in full the following month. Desired ending inventory is 20% of next month's cost of goods sold (COOS). Solve the following: 1. For January, budgeted cash collections are 2. At the end of January, budgeted accounts receivable is 3. For January, budgeted cost of goods sold is 4. For January, budgeted net income is 5. For January, budgeted cash payments for purchases are 6. At the end of January, budgeted ending inventory is