Information pertaining to Noskey Corporation's sales revenue follows: Cash sales Credit sales Total sales November 2018 (Actual) $ 135,000 306,000 $ 441,000 December 2018 (Budgeted) $ 133,000 437,000 $ 570,000 January 2019 (Budgeted) $ 82,000 224,000 $ 306,000 Management estimates 5% of credit sales to be uncollectible. Of collectible credit sales, 60% is collected in the month of sale and the remainder in the month following the month of sale. Purchases of inventory each month include 70% of the next month's projected total sales (stated at cost) plus 30% of projected sales for the current month (stated at cost). All inventory purchases are on account; 25% is paid in the month of purchase, and the remainder is paid in the month following the month of purchase. Purchase costs are approximately 60% of the selling price. Required: Determine for Noskey: 1. Budgeted cash collections in December 2018 from November 2018 credit sales. 2. Budgeted total cash receipts in January 2019. Required 1 Required 2 Budgeted cash collections in December 2018 from November 2018 credit sales. (Do not round in Budgeted collections in December from November credit sales Required 1 Required 2 Budgeted total cash receipts in January 2019. (Do not round intermediate calculations.) NOSKEY CORPORATION Budgeted Total Cash Receipts January 2019 Cash sales in January Collections from credit sales in January: Total collectible from credit sales Percentage to be collected in January Collections from credit sales in December: Total collectible from credit sales Percentage to be collected in January Budgeted total cash receipts in January % %