Coronado Company expects to have a cash balance of $41.400 on January 1, 2022. Relevant monthly budget data for the first 2 months of 2022 are as follows. Collections from customers: January $78,200, February $138,000, Payments for direct materials: January $46,000, February $69.000. Direct labor: January $27,600, February 541,400 Wages are paid in the month they are incurred. Manufacturing overhead: January $19,320, February $23,000. These costs include depreciation of $1,390 per month. All other overhead costs are paid as incurred. Selling and administrative expenses. January $13,800, February $18,400. These costs are exclusive of depreciation. They are paid as incurred: Sales of marketable securities in January are expected to realize $11,040 in cash. Coronado Company has a line of credit at a local bank that enables it to borrow up to $23,000. The company wants to maintain a minimum monthly cash balance of $18.400. Prepare a cash budget for January and February CORONADO COMPANY Cash Budget Prepare a cash budget for January and February CORONADO COMPANY Cash Budget February 23, 2072 January Feb Beginning Cash Balance AddV Collections from customers Sale of Market Seats Borrowires Tota Aviable Can Remem Disbursements Total Available Cash Recept Beginning Cash Balance Direct Materials Repayments Collections from Customers Direct Labor Excess Deficiency of Available Cash Over Cash Disbursements Total Receipts Financing Borrowing Distursements Ending Cash Balance Manufacturing Overhead Sale of Marketable Securities Selling and Administrative Expenses e Textbook and Media