Danner Company expects to have a cash balance of $45,450 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $85,850, February $151,500. Payments for direct materials: January $50,500, February $75,750. Direct labor: January $30,300, February $45,450. Wages are paid in the month they are incurred. Manufacturing overhead: January $21,210, February $25,250. These costs include depreciation of $1,515 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $15,150, February $20,200. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $12,120 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $25,250. The company wants to maintain a minimum monthly cash balance of $20,200. Prepare a cash budget for January and February. DANNER COMPANY Cash Budget January February $ $ DANNER COMPANY Cash Budget Repayments Sale of Marketable Securities Total Receipts Total Disbursements Collections from Customers Receipts Borrowings Total Available Cash Beginning Cash Balance Ending Cash Balance Direct Materials Selling and Administrative Expenses Disbursements Manufacturing Overhead Financing Direct Labor Excess (Deficiency) of Available Cash Over Cash Disbursements) January February $ $ January February