Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2014 are:

		January		February
Sales		$392,700		$448,800
Direct materials purchases		123,420		145,860
Direct labor		100,980		112,200
Manufacturing overhead		78,540		84,150
Selling and administrative expenses		88,638		96,492

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 $1,122 of depreciation per month. Other data:

1.		Credit sales: November 2013, $291,720; December 2013, $359,040.
2.		Purchases of direct materials: December 2013, $112,200.
3.		Other receipts: January