Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2013 are:

		January		February
Sales		$393,400		$449,600
Direct materials purchases		123,640		146,120
Direct labor		101,160		112,400
Manufacturing overhead		78,680		84,300
Selling and administrative expenses		88,796		96,664

All sales are on account. Collections are expected to be 50% in the month of 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 purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $1,124 of depreciation per month. Other data:

1.		Credit sales: November 2012, $292,240; December 2012, $359,680.
2.		Purchases of direct materials: December 2012, $112,400.
3.		Other receipts: JanuaryCollection of December 31, 2012, notes receivable $16,860;
		FebruaryProceeds from sale of securities $6,744.
4.		Other disbursements: FebruaryWithdrawal of $5,620 cash for personal use of owner, Nick Haniwall.

The companys cash balance on January 1, 2013, is expected to be $67,440. The company wants to maintain a minimum cash balance of $56,200.

Complete the cash budget for January and February in columnar form. (List multiple entries from largest to smallest amounts, e.g. 10, 5, 1 for the January amounts.) COLTER COMPANY Cash Budget For the Two Months Ending February 28, 2013 January February Beginning cash balance Add: Receipts Collections from customers Notes receivable Sale of securities Total receipts Total available cash Less: Disbursements Direct materials Direct labor Selling and administrative expenses