Concord Company prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as follows. Other data: 1. Credit sales: November 2021, \$215,000; December 2021, \$275,200. 2. Purchases of direct materials: December 2021,$86,000. 3. Other receipts: January-Collection of December 31, 2021, notes receivable $12,900; February-Proceeds from sale of securities $5,160. 4. Other disbursements: February-Payment of $5,160 cash dividend. The company's cash balance on January 1,2022 , is expected to be $51,600. The company wants to maintain a minimum cash balance of $43,000. Prepare schedules for (1) expected collections from customers and (2) expected payments for direct materials purchases for January and February. Prepare a cash budget for January and February in columnar form