Information pertaining to Noskey Corporations sales revenue follows: November 2021 (Actual) December 2021 (Budgeted) January 2022 (Budgeted) Cash sales $ 100,000 $ 112,000 $ 68,000 Credit sales 264,000 388,000 196,000 Total sales $ 364,000 $ 500,000 $ 264,000 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 purchases