Information pertaining to Noskey Corporations sales revenue follows:

	November 2018 (Actual)				December 2018 (Budgeted)				January 2019 (Budgeted)
Cash sales	$	145,000			$	139,000			$	86,000
Credit sales		318,000				451,000				232,000
Total sales	$	463,000			$	590,000			$	318,000

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 months 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.

3. Budgeted total cash payments in December 2018 for inventory purchases.