Please help me solve the cash budget, be sure to also see the February column.

Crane Company prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as follows. January February $320,000 $288,000 96,000 100,000 Sales Direct materials purchases Direct labor Manufacturing overhead Selling and administrative expenses 72,000 80,000 56,000 60,000 63,200 68,000 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 $800 of depreciation per month. Other data: 1. Credit sales: November 2021, $200,000; December 2021, $256,000. Purchases of direct materials: December 2021. $80,000. 2. 3. Other receipts: January-Collection of December 31, 2021, notes receivable $12,000; February-Proceeds from sale of securities $4,800. Other disbursements: February-Payment of $4,800 cash dividend. 4. a The company's cash balance on January 1, 2022, is expected to be $48,000. The company wants to maintain a minimum cash balance of $40,000 (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 CRANE COMPANY Schedule of Expected Collections from Customers For the Two Months Ending February 28, 2022 January February November $ 40000 $ 0 December 76800 51200 January 144000 86400 February 160000 Total collections A 260800 $ 297600 CRANECOMPANY Schedule of Expected Payments for Direct Materials For the Two months Ending February 28, 2022 January February December $ $ 32000 $ 0 January 57600 38400 February 0 60000 Total payments $ 89600 $ 98400 e Textbook and Media Attempts: 2 of 10 used (b) Your answer is partially correct, Prepare a cash budget for January and February in columnar form. CRANE COMPANY Cash Budget For the Two Months Ending February 28, 2022 January Febru Beginning Cash Balance $ 48000 $ Add Receipts Collections from Customers UT Notes Receivable 12000 Sale of Securities Total Receipts Total Available Cash Less Disbursements Direct Materials Direct Labor 72000 Manufacturing Overhead 56000 i Selling and Administrative Expenses Cash Dividend Total Disbursements Excess (Deficiency) of Avallable Cash Over Cash Disbursements Financing Add Borrowings Less Repayments Ending Cash Balance $