Information pertaining to Noskey Corporations sales revenue follows:

	November 2021 (Actual)	December 2021 (Budgeted)	January 2022 (Budgeted)
Cash sales	$ 130,000	$ 130,000	$ 80,000
Credit sales	300,000	430,000	220,000
Total sales	$ 430,000	$ 560,000	$ 300,000

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 2021 from November 2021 credit sales.

2. Budgeted total cash receipts in January 2022.

3. Budgeted total cash payments in December 2021 for inventory purchase