just need the cash budget statement.

All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month following the sale. Sixty percent (60x) of direct materials purchases are paid in cash in the month of purchase, and the balance due is pald in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that inchude $860 of depreciation per month. Other data: 1. Credit sales: November 2021,\$215,000; December 2021,\$275,200 2. Purchases of direct materials: December 2021, \$86,000; 3. Other receipts: January - Collection of December 31,2021 , notes receivable $12.900, February-Proceeds from sale of securities $5.160. 4. Other disbursements: February Payment of $5,160 cash dividend. The company's cash balance on January 1. 2022, is expected to be 551.600. The company wants to malntain a minimum cash balance of $43,000. Prepare schedules for (1) expected collections from customers and (2) expected payments for direct materials purchases for January and February. CONCORDCOMPANY Schedule of Expected Payments for Direct Materials For the Two Months Ending February 28, 2022 December January \begin{tabular}{cc} \hline \multicolumn{1}{c}{ January } \\ \hline & \\ \hline & 61920 \\ \hline \end{tabular} February February Total payments Prepare a cash budset for January and February in columnar form