Parker Industrial Pump Corp has the following budgted financial Information November December January Sales 330,000 $300,000 $320,000 Sales are 20% Cash sales and 80% Creditsales Collections on Credit sales are expected to be 85% in the month of sale, 14% in the month following the sale, and 1% is uncollectible Purchases $170,000 $180,000 $200,000 Purchases are paid by the 10th of the following month to take advantage of a 2% discount UN DJ Operating Exp. 30,000 32000 35000 Operating Expenses include #5000 of Depreciation The January I cash balance is 50,000. to what are January's cash collections? 2. What are January's cash disbursements (payme 3. What is the January 31 cash balance