Danner Company expects to have a cash balance of $50,850 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $96,050, February $169,500. Payments for direct materials: January $56,500, February $84,750. Direct labor: January $33,900, February $50,850. Wages are paid in the month they are incurred. Manufacturing overhead: January $23,730, February $28,250. These costs include depreciation of $1,695 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $16,950, February $22,600. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $13,560 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $28,250. The company wants to maintain a minimum monthly cash balance of $22,600.