Bastille Corporation prepares monthly cash budgets. Here are relevant data from operating budgets for 2017.

January February Sales $360,000 $400,000 Purchases 120,000 130,000 Salaries 84,000 81,000 Administrative expenses 72,000 75,000 Selling expenses 79,000 88,000 given below. All other expenses are paid in the month incurred. Administrative expenses include $1,000 of depreciation per month.
Other data.
1. Collections from customers: January $326,000; February $378,000.
2. Payments for purchases: January $110,000; February $135,000.
3. Other receipts: January: collection of December 31, 2016, notes receivable $15,000;
February: proceeds from sale of securities $4,000.
4. Other disbursements: February $10,000 cash dividend.
The company’s cash balance on January 1, 2017, is expected to be $46,000. The company wants to maintain a minimum cash balance of $40,000.
Instructions Jan. 31 cash bal. $43,000 Prepare a cash budget for January and February.