I need help with part (b), explain how you come up with the numbers for Jan & Feb.

Suntand Compamy prepares menthly cash budgets. Relevant data from operating budgets for 2025 are as follows: Allsales are on account. Coliections are expected to be 50% in the month of sale. 30%5 in the first month following the sale. and 20:6 in the second month following the sale. Sibty percent ( 6008) of direct materlals purchases are paid in cash in the month of purchase, and the balance doe is paid in the month following the purchase. All other items above are paid in the month incurred except for seling and administrative expenses that include $1.200 of depreciation per month. Other data: 1. Credit sales: November 2024,$300.000; December 2024,$384,000. 2. Purchases of direct materials: December 2024,\$120,000. 3. Other receipts: January - Collection of December 31,2024 , notes receivable $18,000; February-Proceeds from sale of securities $7,200. 4. Other disbursements: February - Payment of $7,200 cash dividend. The company's cash balance on January 1,2025 , is expected to be $72,000. The company wants to maintain a minimum cash balance of $60,000 Your ammer ls correct. Preplec schedules for (1) expected collectlons frem customers and (2) eupected puyments for dilrect materiabs purchases for January and Felonaary. Prepare a cash budget for lanuary and February in columnar form. SUNLAND COMPANY Cash Budget For the Two Months Ending February 28, 2025 Beginning Cash fblance. Collections from Qustomers Notes Receivable Sile of Sccurities Borrowires Tote Available Canh Bepeytients Direct Labor Marufacturing Overtisas Geling and Adrutiserathe Exptrees Cich Dividerd Toti Disbursenents? Fectss (Deficiemal of Avalutie Cahower Cash Diburcments Firincine Last saved 6 minutes ago. Saved work will be auto-submitted on the due date. Auto-submissian can take up to 10 minutes