nformation pertaining to Noskey Corporation$$s sales revenue follows:

November $2021$

$($Actual$)$ December $2021$

$($Budgeted$)$ January $2022$

$($Budgeted$)$

Cash sales $ $105,000$ $ $115,000$ $ $70,000$

Credit sales $270,000395,000200,000$

Total sales $ $375,000$ $ $510,000$ $ $270,000$

Management estimates $5\%$ of credit sales to be uncollectible. Of collectible credit sales, $60\%$ is collected in the month of sale and the remainder in the month following the month of sale. Purchases of inventory each month include $70\%$ of the next month$$s projected total sales $($stated at cost$)$ plus $30\%$ of projected sales for the current month $($stated at cost$).$ All inventory purchases are on account; $25\%$ is paid in the month of purchase, and the remainder is paid in the month following the month of purchase. Purchase costs are approximately $60\%$ of the selling price.

Required:

Determine for Noskey:

$1.$ Budgeted cash collections in December $2021$ from November $2021$ credit sales.

$2.$ Budgeted total cash receipts in January $2022.$

$3.$ Budgeted total cash payments in December $2021$ for inventory purchases.