Carla Vista Company prepares monthly cash budgets. Relevant data from operating budgets for 2002 are as follows January Sales $345,600 February $384.000 120,000 Direct materials purchases 115.200 86,400 96,000 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, 30% in the first month following the sale, and 20% in the second goonth 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 Credit sales: November 2021. $240,000: December 2021. $307.200, 2 Purchases of direct materials: December 2021. 596,000 3. Other receipts: January-Collection of December 31, 2021. notes receivable $14.400: February-Proceeds from sale of securities $5,760 4 Other disbursements: February-Payment of $5,760 cash dividend, 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 or Cla Expected Collections from Customers January February November $ 48,000 $ December January February 0 Total collections Expected Payments for Direct Materials January February December $ January February 0 Total payments $ $ $ OBA Prepare a cach budget for January and February incolumnar form CARLA VISTA COMPANY Cash Budget For the Two Morining bary 2002 January Beginning Add Recepti Collection from Come C Not Recevable Sale of Secure 10000 Totalles [ C C Total Awaliach Los Olse Direct Merle DirectLabor [ C [ [ Manufacturing and Selling and depen Chand Toolblue tidency Cash Cashment Hand Add Bor Hepay C C C Cash Banc TatakM Prepare a cash budget for January and February in columnar form CARLA VISTA COMPANY Cash Budget For the Two Months Ending February 21, 2022 January February er Yeni . 1rhonci nadom 0000001ONO.1 Expenses slable Cash Over Cash Olsbursements $