need answer for the error... what should be drop drown option and what should be values in red errored fields.

Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2020 are as follows. All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month following the sale. Sixty percent (60%) of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $1,010 of depreciation per month. Other data: 1. Credit sales: November 2019,$252,500; December 2019,$323,200. 2. Purchases of direct materials: December 2019,$101,000. 3. Other receipts: January-Collection of December 31,2019 , notes receivable $15,150; February-Proceeds from sale of securities $6,060. 4. Other disbursements: February-Payment of $6,060 cash dividend. The company's cash balance on January 1,2020 , is expected to be $60,600. The company wants to maintain a minimum cash balance of $50,500. Prepare schedules for (1) expected collections from customers and (2) expected payments for direct materials purchases for January and February. Need answer for Red errors and also what will be drop down options.. please suggest Question 2 of 4 13.25/14 i Financing Excess (Deficiency) of Available Cash Over Cash Disbursements 15150 Add V: Borrowings Question OT 4 13.25/14 : Notes Recervable \begin{tabular}{l} \hline Collections from Customers \\ \hline \hline Notes Receivable \\ \hline \hline Selling and Administrative Expenses \\ Cash Dividend \\ Notes Receivable \\ \hline Receipts \\ Total Receipts \\ Excess (Deficiency) of Available Cash Over Cash Disbursements \\ Total Disbursements \\ Sale of Securities \\ Direct Materials \\ Borrowings \\ Total Available Cash \\ Disbursements \\ Repayments \\ Financing \\ Ending Cash Balance \\ Collections from Customers \\ Direct Labor \\ Beginning Cash Balance \\ Manufacturing Overhead \\ \hline Excess (Deficiency) of Available Cash Over Cash Disbursements \\ \hline \end{tabular} Financing v Add v: Borrowings v \begin{tabular}{|l|l|} \hline & i \\ \hline \end{tabular} Anonymous answered this 320 answers Was this answer helpful