Kingbird Company prepares monthly cash budgets. Relevant data from operating budgets for 2023 are as follows: Allsales are on account. Kingbird expects collections to be 50% in the month of sale, 40% in the first month following the sale, and 10% in the second month following the sale. It pays 30% of direct materials purchases in cash in the month of purchase and the balance due in the month folfowing the purchase Other data are as follows: 1 Credit sales: November 2022, \$202,000, December 2022,\$278,000 2 Durehoses of direct materials: December 2022$91000 3. Other recelpts:January-collection of December 31, 2022, notes receivable 56,000 , February-proceed from sale of securities $6.000 4. Other disbursements: February-payment of $20,000 for land The company expects its cash balance on January 1,2023 , to be $50,000. It wants to maintain a minimum cash balance of $40,000. (1) the expected collections from customers. (2) the expected payments for direct materials purchases. (2) the expected payments for direct materials purchases. Prepare a cash budget for January and February using columns for each month