The question is attached

Colter Company prepares monthly budgets. Relevant data from operating budgets for 2017 are as follows: All sales are in account. Collections are expected to be 50% in the month 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 purchases, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred expect for selling and administrative expenses that include $1, 186 of depreciation per month. The company's cash balance on January 1, 2017, is expected to be $71, 280. The company wants to maintain a minimum cash balance of $ 59, 400