prepare schedule and cash budget thank you

Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2020 are as follows. Sales Direct materials purchases Direct labor Manufacturing overhead Selling and administrative expenses January $417,600 139,200 104,400 81,200 91.640 February $464,000 145,000 116,000 87.000 98,600 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 $1,160 of depreciation per month 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 $1,160 of depreciation per month. Other data: 1. 2. 3. Credit sales: November 2019. $290,000: December 2019, $371.200. Purchases of direct materials: December 2019. $116,000. Other receipts: January-Collection of December 31, 2019, notes receivable $17.400, February-Proceeds from sale of securities 56,960, Other disbursements: February-- Payment of $6,960 cash dividend 4 The company's cash balance on January 1, 2020, is expected to be $69.600. The company wants to maintain a minimum cash balance of $58,000