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

		January		February
Sales		$419,650		$479,600
Direct materials purchases		131,890		155,870
Direct labor		107,910		119,900
Manufacturing overhead		83,930		89,925
Selling and administrative expenses		94,721		103,114

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 $1,199 of depreciation per month. Other data:

1.		Credit sales: November 2013, $311,740; December 2013, $383,680.
2.		Purchases of direct materials: December 2013, $119,900.
3.		Other receipts: January