MaryAnn, Inc., a distributor of Cosmetics is in the process of assembling a cash budget for the first quarter of 2021. The following information has been extracted from the company's accounting records: . All sales are on account. Sixty percent of customer accounts are collected in the month of sale; 35 percent are collected in the following month. Uncollectibles amounting to 5 percent of sales is anticipated. Management believes $47.000 of accounts receivable outstanding on December 31, 2020 will be paid in January 2021, All merchandise purchases are paid for in the month of purchase. . On December 31, 2020 the Balance Sheet showed Cash of $90,000. The company maintains a $90,000 minimum cash balance at all times. Financing is available and retired) in $1,000 multiples at an annual 9 % interest rate, with borrowings taking place at the beginning of the month and repayments occurring at the end of the month. Interest is paid at the time of repaying principal and computed on the portion of principal repaid at that time. Additional data: January February Sales revenue $590,000 $680,000 Merchandise purchases 367,000 431,000 Cash operating costs 107.000 86,000 Required: Please copy and paste the chart with requirements into the answer section and fill in. Show all calculations. Prepare a cash budget for January and February Calculation back up if needed January February