Cash budget for January and February.

Current Attempt in Progress Danner Company expects to have a cash balance of $46,035 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $86,955, February $153,450, Payments for direct materials: January $51,150, February $76,725. Direct labor: January $30,690, February $46,035. Wages are paid in the month they are incurred. Manufacturing overhead: January $21,483, February $25,575. These costs include depreciation of $1,535 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $15,345, February $20,460. These costs are exclusive of depreciation. They are paid as incurred Sales of marketable securities in January are expected to realize $12,276 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $25,575. The company wants to maintain a minimum monthly cash balance of $20.460. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter for amounts.) DANNER COMPANY Cash Budget January Februar > c $ $ > C > c