Need help preparing a cash budget, need to fill in the blanks, thanks!

Swifty Company prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as fol lows. January February Sales 55 295,200 $ 323,000 Direct materials purchases 98,400 102,500 Direct labor 73,800 32,000 Manufacturing overhead 5?,400 61,500 Selling and administrative expenses 64,280 69,700 All sales are on account Collections are expected to be 50% in the month of sale, 30% in the rst 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 purchaseAll other items above are paid in the month incurred except for selling and administrative expenses that include 55 320 of depreciation per month. Otherdata: 1. Credit sales: November 2021,13 205,000; December 202 1, $ 262,400. 2. Purchases of direct materials: December 2021, $ 32,000. 3. Other receipts: JanuaryCollection of December 31, 2021, notes receivable $ 12,300; February Proceeds from sale of securities $ 4,920. 4. Other disbursements: FebruaryPayment of $ 4,920 cash dividend. The company's cash balance on January 1, 2022, is expected to be $ 49,200. The company wants to maintain a minimum cash balance of $ 41,000. Prepare schedules for (1) expected collections from customers and (2) expected payments for direct materials purchases for January and February. SWIFTY COMPANY Schedule of Expected Collections from Customers For the Two Months Ending February 28, 2022 January February November 41,000 i December 78,720 52,480 January 147,600 88,560 February i 164,000 Total collections $ 267,320 $ 305,040 SWIFTYCOMPANY Schedule of Expected Payments for Direct Materials For the Two Months Ending February 28, 2022 v January February December 32,800 i January 59,040 39,360 February i 61,500 Total payments $ 91,840 $ 100,860Prepare a cash budget for January and February in columnar form. SWIFTY COMPANY Cash Budget v January Fe $ 5 v : v V