Danner Company expects to have a cash balance of $51,750 on January 1,2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $97,750, February $172,500. Payments for direct materials: January $57,500, February $86,250. Direct labor: January $34,500, February $51,750. Wages are paid in the month they are incurred. Manufacturing overhead: January $24,150, February $28,750. These costs include depreciation of $1,725 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $17,250, February $23,000. These costs are exclusive of depreciation. They are paid as incurred. Prepare a cash budget for January and February. DANNER COMPANY Cash Budget Beginning Cash Balance Add V : Collections from Customers Sale of Marketable Securities Total Available Cash Less : Disbursements Direct Materials Direct Labor Manufacturing Overhead Selling and Administrative Expenses Excess (Deficiency) of Available Cash Over Cash Disbursements Financing February 172500 86250 51750 22425 27025