- Gyles Ltd. Expects sales for January and February to be $50,000 and $35,000 respectively. - The collection pattern has been 30% of sales is collected in the month of sale and the other 70% collected in the month after sale. - In addition, Gyles expects to sell property worth $3,000 in February. Gyles also expects to purchase materials of $15,000 and $8,750 in January and February respectively. - Gyles pays 80% of the cost of materials purchased in the month of purchase and the other 20% in the month following the purchase. - Direct labour payroll will be $12,500 and other expenditures are budgeted at $24,900. - The other expenditures included depreciation of $10,000. If not told otherwise, payments are assumed to be made in the month incurred. - On February 1, Gyles Ltd. Had a cash account balance of $1,230. - The amount for expected cash payments for materials for February is