Crane Company expects to have a cash balance of $56,700 on January 1, 2022. Relevant monthly budget data for the rst 2 months of 2022 are as follows. Collections from customers; January 5107.100. February 5189.000. Payments for direct materials: January $63,000, February $94,500. Direct labor: January $37,800, February $56,700. Wages are paid in the month they are incurred. Manufacturing overhead: January $26,460. February $31,500. These costs include depreciation of $1.890 per month. All other overhead costs a re paid as incurred. Selling and administrative expenses; January $18,900, February $25,200. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $15,120 in cash. Crane Company has a line of credit at a local bank that enables it to borrow up to $31,500. The company wants to maintain a minimum monthly cash balance of $25,200. Prepare a cash budget for January and February. CRANE COMPANY Cash Budget January Feb Total Disbursements Repayments Receipts Disbursements Excess (Deficiency) of Available Cash Over Cash Disbursements Borrowings Direct Materials Ending Cash Balance Collections from Customers Manufacturing Overhead Total Avallable Cash Direct Labor Sale of Marketable Securitles Total Receipts Beginning Cash Balance Selling and Administrative Expenses v Financing S S