Danner Company expects to have a cash balance of $53,100 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $100,300, February $177,000. Payments for direct materials: January $59,000, February $88,500. Direct labor: January $35,400, February $53,100. Wages are paid in the month they are incurred. Manufacturing overhead: January $24,780, February $29,500. These costs include depreciation of $1,770 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $17,700, February $23,600. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $14,160 company wants to maintain a minimum monthly cash balance of $23,600. cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $29,500. The Prepare a cash budget for January and February. DANNER COMPANY Cash Budget For the Two Months Ending February 28, 2020 January February Beginning Cash Balance Add: Collections from Customers Sale of Marketable Securities > Total Available Cash > Less Disbursements > $