Blossom Company expects to have a cash balance of $134,600 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows: Collections from customers January $251,200, February $432,300. Payments for direct materials: January $158.100, February $238,300 Direct labor: January $91,700, February $134,500. Wages are paid in the month they are incurred. Manufacturing overhead: January $64,200, February $74,000. These costs include depreciation of $5,100 per month. All other overhead costs are paid as incurred, Selling and administrative expenses: January $44,800, February $59,400. These costs are exclusive of depreciation. They are paid as incurred . . Sales of marketable securities in January are expected to realize $36,200 in cash. Blossom Company has a line of credit at the local bank that enables it to borrow up to $75,200. The company wants to maintain a minimum monthly cash balance of $61,200 Expected Collections from Customers January February November December January February Total collections Expected Payments for Direct Materials January February December January February Total payments Prepare a cash budget for January and February in columnar Form BLOSSOM COMPANY Cash Budget January February For the Two Months Ending February 21, 2020 February 28 2020 For the Quarter Ending February 20, 2020 0 . + . + +