just the cash budget

CRANE COMPANY Schedule of Expected Collections from Customers For the Two Months Ending February 28, 2022 November December January February Total collections January 101760 i February $ CRANECOMPANY Schedule of Expected Payments for Direct Materials For the Two Months Ending February 28, 2022 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 (60%) of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $1,060 of depreciation per month. Other data: 1. Credit sales: November 2021, $265,000 : December 2021, $339,200. 2. Purchases of direct materials: December 2021,$106,000. 3. Other receipts: January-Collection of December 31,2021 , notes receivable $15.900 : February-Proceeds from sale of securities $6,360. 4. Other disbursements: February-Payment of $6,360 cash dividend. The company's cash batance on January 1,2022 , is expected to be $63,600. The company wants to maintain a minimum cash balance of $53,000. Crane Company prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as follows