Danner Company expects to have a cash balance of $46,966 on January 1, 2014. Relevant monthly budget data for the first 2 months of 2014 are as follows. Collections from customers: January $86,785, February $153,150. Payments for direct materials: January $51,050, February $71,470. Direct labor: January $30,630, February $45,945. Wages are paid in the month they are incurred. Manufacturing overhead: January $21,441, February $25,525. These costs include depreciation of $1,021 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $15,315, February $20,420. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $10,210 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $25,525. The company wants to maintain a minimum monthly cash balance of $20,420. Prepare a cash budget for January and February