a. Sales are 75% cash and 25% credit. Credit sales are collected 20% in the month of sale and the remainder in the month after sale. Actual sales in December were $52,000. Schedules of budgeted sales for the two months of the upcoming vear are as follows: b. Actual purchases of direct materials in December were $24,500. The company's purchases of direct materials in January are budgeted to be $23,000 and $26,500 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 $9,500 in J.ecember. Budgeted salaries in January are $10,500 and February budgeted salaries are $12,000. Sales commissions each month are 10% of that month's sales. d. Rent expense is $2,800 per month. e. Depreciation is $2,600 per month. f. Estimated income tax payments are made at the end of January. The estimated tax payment is projected to be $12,000. g. The cash balance at the end of the prior year was $20,000. Requirement 1a. Prepare a schedule of budgeled cash collections for January and February, Show totals for each month and fotals for Jaruary and Fobruary cembined D. Nrepare a schedule of budgeled cash payments for purchases for January and Fobruary. Show totals for each month and tolnts for January and Februacy combined Scott's Restaurant Supply Cash Payments for Material Purchases Budget c. Propare a schedule of budgeted eash payments for operating expenses for January and February, Show totals for each month and totals for January and combined, (if an input field is not usod in the table, leave the input field empty, do not enter a zero. Round all amounts to the nearest doliar.)