Danner Company expects to have a cash balance of $47,250 on January 1,2020 . Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $89,250, February $157,500. Payments for direct materials: January $52,500, February $78,750. Direct labor: January $31,500, February $47,250. Wages are paid in the month they are incurred. Manufacturing overhead: January $22,050, February $26,250. These costs include depreciation of $1,575 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $15,750, February $21,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $12,600 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $26,250. The company wants to maintain a minimum monthly cash balance of $21,000. Prepare a cash budget for January and February. January Beginning Cash Balance Add : Receipts Collections from Customers Sale of Marketable Securities Total Receipts Total Available Cash Less : Disbursements Direct Materials Direct Labor Manufacturing Overhead Selling and Administrative Expenses Total Disbursements Excess (Deficiency) of Available Cash Over Cash Disbursements Financing Add V: Borrowings Less : Repayments Ending Cash Balance Febru