Danner Company expects to have a cash balance of $54,450 on January 1,2020 . Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $102,850, February $181,500. Payments for direct materials: January $60,500, February $90,750 Direct labor: January $36,300. February $54,450. Wages are paid in the month they are incurred. Manufacturing overhead: January $25,410. February $30,250. These costs include depreciation of $1,815 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $18,150, February $24,200. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $14,520 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $30,250. The company wants to maintain a minimum monthly cash balance of $24,200. Prepare a cash budget for January and February