NEED PROPER ANSWERS PLS!

Lorch Company prepares monthly ch budget Relevant data from operating budgets for 2031 are as follow February Lanuary $549.000 $39.000 Sales Direct material purchases Direct labour 121 000 109.000 114000 Manufacturing overhead 14.000 0.000 74.000 76.000 Selling and administrative expenses 79.000 All sales are on account. Lorch expects collections to be Sox in the month of sale 40% in the first month following the sand 10 in the second month following the sale per 30 of direct materials purchases in cash in the month of purchase and the balancedunt in the month following the purchase Other data are as follows 1 Credit cales November 2020 $198.000. December 2020, $281.000 2. Purchases of direct materiale: December 2020,891.000 a Other receipts: January-collection of December 31 2020 notes receivable $4,000. February-proceeds from sale of securities 57.000 4 Other disbursements: February-payment of $21.000 forland The company aspects its cash balance on January 1 2021. to be $51.000 it wants to maintain a minimumas balance of $10.000 LO For the Two Months Ending February 21, 2021 lan Febi Beginning cash balance 51.000 Add: Cash receipts Collection of not receive 4000 Collection from credits Proceeds from sale of securities Total receipts Total available cash Les Disbursements Direct materials Direct labour Manedicturing westead Sling and interes Selling and administrative expenses V Purchase of land Total disbursements Excess of cash avallable over cash disbursements Financing Borrowing Less V Repayment Less Interest expenses > Total financing Ending cash balance For The Mandingar 21, 2021 er cash disbursements Tt pense $ $ $ e Textbook and Media