all one question

Coronado Company prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as follows Ali sales are on account. Collections are expected to be 5066 in the month of sale, 30x in the frut month following the sale, and 20% in the second month following the sale. Shaty percent (60%) of direct materials purchases are pald in cash in the month of purchuse, and the balance due is paid in the month following the parchuse. All other items above are paid in the month incurred except for selling and administrative expenses that include $1,180 of depreciation per month. CORONADOCOMPANY Schedule of Expected Payments for Direct Materials eTextbook and Media Alt sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the saie, 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 followingthe purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $1,180 of depreciation per month. Other data: 1. Credit sales: November 2021,5295,000; December 2021, $377,600, 2. Purchsies of direct materials: December 2021,\$118000. 3. Other receipts: January-Collection of December 31, 2021, notes recelvable 517,700; February-Proceeds from sale of securities $7,000. 4. Other disbursements: February-Payment of 57,080 cash dividend: The company s cash balance on January 1, 2022, is expected to be $70,800. The compary wants to maintain a minimum cash balance of $59,000