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Monagement estimates 5% of credit sales to be uncollectible of collectible credit saies. 6096 is collected in the month of sole remainder in the month folrowing the month of sale. Purchases of inventory eoch month include 70% of the next month's proje total sales (stated ot cost) plus 30% of projected soles for the current month (steted at cost). All inventory purchases are on ace 25% is paid in the month of purchase, and the remainder is paid in the month following the month of purchase. Purchase coste approximatery 60% of the selling price Required: Dotermine for Noskey: 1. Budgeted cosh coliections in December 2021 from November 2021 credit sales. Budgeted total cash receipts in January 2022 Budgeted total cash payments in December 2021 for inventory purchases. Complete this question by entering your answers in the tabs below. Budgeted cash collections in December 2021 from November 2021 credit sales