Danner Company expects to have a cash balance of $47,700 on January 1,2020 . Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $90,100, February $159,000 Payments for directmaterials: January $53,000. February $79,500. Direct labor: January $31,800, February $47,700. Wages are paid in the month they are incurred. Manufacturing overhead: January $22,260, February $26,500. These costs include depreciatigrgof $1,590 per month. Allother overhead costs are paid as incurred. Selling and administrative expenses: January $15,900. February $21,200. These costs are exclusive of depreciation. They are 9a6 ofs. incurred Sales of marketable securities in Januaryare expected to realize $12720 in cash. Danner Company has a line of crgait at a local bank that enables it to borrow up to $26,500. The companywants tompgtaik ampimum monthly cash balance of $:1,200. Prepare a cash budget for January and February