Mr. Suncat is concerned about cash flow and has requested that you prepare a Cash Collections ichedule, a Cash Payments Schedule, and a Cash Budget for the first two months of the year using the ollowing information: - Cash collections for Suncat Cake Shop are 60% of sales in the month of sale, 30% collected in the month after the sale, and 10% collected in the second month after the sale. - Suncat Cake Shop pays 65% of its purchases of direct materials in the month of sale, and 35% in the month after the purchase. - Beginning cash balance was $20,000 and Mr. Suncat's required minimum balance for the Suncat Cake Shop is $15,000. - Mr. Suncat estimates direct labor and manufacturing overhead to be $84,000 for January and $92,400 for February. - Mr. Suncat would like to include in the Cash Budget in January, the purchase of a new industrial oven at a cost of $75,000