Coter Company prepares monthly cash budgets, Receivable data from opening budgets for 2014 are: 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 month following the table. Sixty percent (60%) of direct materials purchases are paid in cash in the month of purchase, and the balance due to paid in the month following the purchase. All other items above are paid in the month incurred except for milling and administrative expenses that include $1,021 of depreciation per month. The company's cash balances of January 1, 2014, is expected to be $61,260. The company wants to maintain a minimum cash balance of $51,050. Prepare schedules for (1) expected collections from customers and (2) expected payments for direct materials purchases. Prepare a cash budget for January and February in columnar from