Danner Company expects to have a cash balance of $48,600 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $91,800, February $162.000, Payments for direct materials: January $54.000, February $81.000 Direct labor: January $32,400, February $48.600. Wages are paid in the month they are incurred. Manufacturing overhead: January $22.680, February $27.000. These costs include depreciation of $1,620 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $16200. February $21.600. These costs are exclusive of depreciation. They are paid as incurred Sales of marketable securities in January are expected to realize $12.960 in cash. Danner Company has a line of credit at a local bark that enables it to borrow up to $27.000 The company wants to maintain a minimum monthly cash balance of $21,600, Prepare a cash budget for January and February DANNER COMPANY Cash Budget January Februar Beni Case Add Collections from Customers Sale of Marble Securities Totalwilable Cash