Crane Company prepares monthly cash budgets. Relevant data from operating budgets for 2022 are as follows.

		January		February
Sales		$295,200		$328,000
Direct materials purchases		98,400		102,500
Direct labor		73,800		82,000
Manufacturing overhead		57,400		61,500
Selling and administrative expenses		64,780		69,700

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 $820 of depreciation per month. Other data:

1.		Credit sales: November 2021, $205,000; December 2021, $262,400.
2.		Purchases of direct materials: December 2021, $82,000.
3.		Other receipts: JanuaryCollection of December 31, 2021, notes receivable $12,300; FebruaryProceeds from sale of securities $4,920.
4.		Other disbursements: FebruaryPayment of $4,920 cash dividend.

The companys cash balance on January 1, 2022, is expected to be $49,200. The company wants to maintain a minimum cash balance of $41,000.