(a) 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 I Total collections $ $ Expected Payments for Direct Materials January February December January February Total payments e Textbook and Media Savetor Later View Policies Current Attempt in Progress Carla Vista Company prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as follows. Sales January February $345,600 $384,000 115,200 120.000 86,400 96,000 Direct materials purchases Direct labor Manufacturing overhead Selling and administrative expenses 67.200 72,000 75,840 81,600 All sales are on account Collections are expected to be 50% in the month of sale, 20% 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 $960 of depreciation per month Other data: 1 2 3 Credit sales. November 2021, $240,000. December 2021, $307,200, Purchases of direct materials: December 2021,596,000 Other receipts : January-Collection of December 31, 2021 notes receivable $14,400: February --Proceeds from sale of securities $5,760 Other disbursements. February-Payment of $5,760 ath dividende 4 The company's cash balance on January 1, 2022 is expected to be $57,600. The company wants to maintain a minimum cash balance of $48.000