Kimmel, Accounting, 6e Help I System Announcements Problem 7-8A ent Pina Colada Corp. prepares monthly cash budgets. Here are relevant data from operating budgets for 2017 Sales Purchases Salaries Administrative expenses Selling expenses January February $361,400 $400,700 120,900 130,300 81,400 73,400 86,500 ssion) 84,800 70,800 78,200 ive All sales and purchases are on account. Budgeted collections and disbursement data are month Other data given below. All other expenses are paid in the month incurred except for administrative expenses, which include $1,400 of depreclation per Collections from customers: January $335,600; February $378,100. 1. 2. Payments for purchases: January $104,500: February $141,100. 3. Other recelpts: January: collection of December 31, 2016, notes recelvable $17,800; February: proceeds from sale of securities $6,200 4. Other disbursements: February $12,800 cash dlvidend