All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20%6 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 batance due is paid in the month following the purchase. Al other items above are paid in the month incurred except for selling and administrative expenses that include $980 of depreciation per month. Other data: 1. Credit sales: November 2021, $245,000; December 2021, $313,600, 2. Purchases of direct materials: December 2021.\$98,000. 3. Other receiptst January-Collection of December 31, 2021, notes recelvable \$14,700; February-Proceeds from sale of securities $5,880. 4. Other disbursement we February-Payment of $5.880 cash dividend. The company's cash balance on January 1, 2022, is expected to be $58,800. The company wants to maintain a minimum cash balance of 549.000