i just need help with the last part (b) please thanks

Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2020 are as follows. January February $472.000 Sales $424,800 Direct materials purchases 141,600 147.500 Direct labor 106,200 118,000 82.600 88,500 Manufacturing overhead Selling and administrative expenses 93,220 100,300 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 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 $1,180 of depreciation per month Other data: 1 Credit sales: November 2019. $295,000December 2019, $377,600 Purchases of direct materials: December 2019. $118,000, 2 3 Other receipts: January-Collection of December 31, 2019 notes receivable $17,700, Question 1 of 1 0.5/1 E 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 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 $1,180 of depreciation per month. Other data: 1 2. 3. Credit sales: November 2019, $295,000; December 2019,6377,600 Purchases of direct materials: December 2019, $118,000. Other receipts: January-Collection of December 31, 2019. notes receivable $17,700 February-Proceeds from sale of securities $7,080. Other disbursements: February-Payment of $7.080 cash dividend. 4. The company's cash balance on January 1, 2020, is expected to be $70,800. The company wants to maintain a minimum cash balance of $59.000 (a) Question 1 of 1 0.5/1 Your answer is correct Prepare schedules for (1) expected collections from customers and (2) expected payments for direct materials purchases for January and February Expected Collections from Customers January February November $ 59000 $ December 113280 75520 January 212400 127440 February 236000 Total collections $ 384680 $ 438960 Expected Payments for Direct Materials Tource Maps Course Home 10 MOOGIL - WP HW-22 Question 1 of 1 0.5/1 Expected Payments for Direct Materials January February December $ 47200 $ 84960 56640 January February 88500 $ Total payments 132160 $ 145140 e Textbook and Media Attempts: 1 of 3 used b (b) COLTER COMPANY Cash Budget January Febru $ Question 1 of 1 0.5/1 E . > $