Tamarisk Company prepares monthly cash budgets. Relevant data from operating budgets for 2023 are as follows: Sales Direct materials purchases Direct labour Manufacturing overhead Selling and administrative expenses January $350,000 121.000 84,000 61.000 76,000 February $400,000 109.000 112.000 75.000 79,000 All sales are on account. Tamarisk expects collections to be 50% in the month of sale, 40% in the first month following the sale, and 10% in the second month following the sale. It pays 30% of direct materials purchases in cash in the month of purchase and the balance due in the month following the purchase. Other data are as follows: 1. Credit sales: November 2022, $199,000; December 2022, $277,000 2. Purchases of direct materials: December 2022, $89,00