Kevin's Restaurant Supply is preparing its cash budgets for the first two months of the upcoming year. Here is the information about the companys upcoming cash receipts and cash disbursements Click the icon to view the information Requirements 1. Prepare schedules of (a) budgeted cash collections, (b) budgeted cash payments for purchases, and (c) budgeted cash payments for operating expenses. Show totals for each month and totals for January and February combined. 2. Prepare a combined cash budget. If no financing activity takes place, what is the budgeted cash balance on February 28? Requirement la. Prepare a schedule of budgeted cash collections for January and February. Show totals for each month and totals for January and February combined. Kevin's Restaurant Supply Cash Collections Budget For the Months Ended January 31 and February 28 January February Total Cash sales Collection on credit sales Total cash collections b. Prepare a schedule of budgeted cash payments for purchases for January and February Show totals for each month and totals for January and February combined. Kevin's Restaurant Supply Cash Payments for Material Purchases Budget For the Months Ended January 31 and February 28 Total January February 50% of current month DM purchases 50% of last month's DM purchases Total cash payments