Colter Company prepares monthly cash budgets. Relevant data from operating budgets for 2017 are as follows:

		January		February
Sales		$372,240		$413,600
Direct materials purchases		124,080		129,250
Direct labor		93,060		103,400
Manufacturing overhead		72,380		77,550
Selling and administrative expenses		81,686		87,890

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 $1,034 of depreciation per month. Other data:

1.		Credit sales: November 2016, $258,500; December 2016, $330,880.
2.		Purchases of direct materials: December 2016, $103,400.
3.		Other receipts: JanuaryCollection of December 31, 2016, notes receivable $15,510;
		FebruaryProceeds from sale of securities $6,204.
4.		Other disbursements: FebruaryPayment of $6,204 cash dividend.

Prepare a cash budget for January and February in columnar form.

Cash Budget For the Two Months Ending February 28, 2017 January February_ Beginning Cash Balance 62,040 52,734 Add : 337,084 Notes Receivable 15,510 Sale of Securities 6,204 Total Available Cash Less Direct Materials 115,808 93,060 73,380 80,652 361,900 127,182 103,400 77,550 Manufacturing Overhead Selling and Administrative Expenses 80,652 Total Available Cash 388,784 Excess (Deficiency) of Available Cash Over Cash Disbursements 52,734