Need help answering (B) please....

(b) Prepare a cash budget for January and February in columnar form. (Do not leave any answer field blank. Enter 0 for amounts.} BRAMBLE COMPANY Cash Budget January February $ # eTextbook and Media Save for Later Attempts: 0 of 3 used Submit AnswerTotal Available Cash Borrowings Sale of Securities Repayments Total Receipts Selling and Administrative Expenses Direct Labor Total Disbursements Notes Receivable Disbursements Receipts Direct Materials Financing Manufacturing Overhead Beginning Cash Balance Excess (Deficiency) of Available Cash Over Cash Disbursements Cash Dividend Ending Cash Balance Collections from CustomersBramble Company prepares monthly cash budgets. Relevant data from operating budgets for 2017 are as follows: January February Sales $370.800 $412,000 Direct materials purchases 123.600 128,750 Direct labor 92.700 103,000 Manufacturing overhead 72.100 77,250 Selling and administrative expenses 81.370 87,550 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 $1,030 of depreciation per month. Other data: 1. Credit sales: November 2016, $257,500; December 2016, $329,600. 2. Purchases of direct materials: December 2016, $103,000. 3. Other receipts: January-Collection of December 31, 2016, notes receivable $15.450; February-Proceeds from sale of securities $6,180. 4. Other disbursements: February-Payment of $6.180 cash dividend. The company's cash balance on January 1. 2017, is expected to be $61,800. The company wants to maintain a minimum cash balance of $51,500. (a) Your answer is correct. Prepare schedules for [1) expected collections from customers and [2) expected payments for direct materials purchases for January and February. Expected Collections from Customers January February November 51500 December 98880 65920 January 185400 111240 February 206000 Total collections $ 335780 383160 Expected Payments for Direct Materials January February December 41200 January 74160 49440 February 77250 Total payments 115360 126690