Current Attempt in Progress

Sunland Corporation prepares monthly cash budgets. Here are relevant data from operating budgets for $2025.$

All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the

month incurred. Administrative expenses include $$1,200$ of depreciation per month.

Other data.

Collections from customers: January $$335,600$; February $$378,700.$

Payments for purchases: January $$104,600$; February $$140,700.$

Other receipts: January: collection of December $31,2024,$ notes receivable $$17,800$; February: proceeds from saleof securities ofsecurities $$6,100.$

$4.$ Other disbursements: February $$12,400$ cash dividend.

The company's cash balance on January $1,2025,$ is expected to be $$48,900.$ The company wants to maintain a minimum cash balance of $$64,620.$

Prepare a cash budget for January and February.