Colter Compory prepares monthly cash budgets. Relevant data from operating budgets for 2020 are as follews. 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 manth following the sale. Sixty percent (60\\%) of direct materials purchases are paid in cash in the month of purchase, and the balance due is poid in the month following the purchase. All other items above are paid in the month incurred except for seling and administrative expenses that include \\( \\$ 1,020 \\) of depreciation per month. Other data: 1. Credit sales: November 2019, \\$255,000; December 2019, \\$326,400. 2. Purchases of direct materials: December \\( 2019, \\$ 102,000 \\). 3. Other receipts: January-Callection of December 31, 2019, notes receivable \\( \\$ 15,300 \\); February-Proceeds from sle of securities \\( \\$ 6,120 \\). 4. Other disbursements: February-Payment of \\( \\$ 6,120 \\) cash dividend. The company's cash bolance on January 1,2020 , is expected to be \\( \\$ 61,200 \\). The compony wants to maintain a minimum cash bolance of \\( \\$ 51,000 \\). (a) Prepare schedules for (1) expected collections from customers and [2] expected payments for direct materials purchases for January and February