Danner Company expects to have a cash balance of $54.450 on January 1, 2020. Relevant monthly budget data for the first months of 2020 are as follow Colections from customers January 5102.5 February $181.500 Payments for direct material nary $60.500, February 590.750 Director: January 25,300, February 554450 Wages are paid in the month they are incurred Manufacturing overhead: January 525.410. February $30.250. These costs include depreciation of 1,315 per month All other overcoss are p Selling and ministrative pens ary S110 February 124200. These conte ve of depreciation. They are ed Sales of the cities in January are expected to realize 586520 inch Darner Companhas are credit a local bark t e st to p 30.250 The cowywatson hace 2.000 Prepare a canh budget for January and February DANNER COMPANY Cash Budget For the Two Months Ending February 28, 2020 January February Beginning Cash Balance 54450 Add 4: Receipts Collections from Customers 102850 181500 Sale of Marketable Securities 14520 Total Receipts Total Available Cash Less : Disbursements Direct Materials Direct Labor 60500 90750 Manufacturing Overhead Selling and Administrative Expenses Total Disbursements Bices Decenniot Available Cash Over Cash Disbursements