Current Attempt in Progress 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 $41,400. Wages are paid in the month they are incurred. Manufacturing overhead: January $19,320, February $23,000. These costs include depreciation of $1,380 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 For the Quarter Ending February 28, 2022 January Fobr Beginning Cash Balance Add Total Receipts Collections from Customers Sale of Marketable Securities Total Available Cash Disbursements Add : Direct Labor Manufacturing Overhead CORONADO COMPANY Cash Budget For the Quarter Ending February 28, 2022 January > > > > > > > > > > $ > > $ to $ Febr $ to