Castle Corporation prepares monthly cash budgets. Here are relevant data from operating budgets for 2014.

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

All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the month incurred except for administrative expenses, which include $1,000of 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, 2013, notes receivable $15,000; February: proceeds from sale of securities $4,000.
4.	Other disbursements: February $10,000 cash dividend.

The companys cash balance on January 1, 2014, is expected to be $46,000. The company wants to maintain a minimum cash balance of $40,000.

Prepare a cash budget for January and February.