Danner Company expects to have a cash balance of $58,050 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows:

Collections from customers: January $109,650, February $193,500.

Payments for direct materials: January $64,500, February $96,750.

Direct labor: January $38,700, February $58,050. Wages are paid in the month they are incurred.

Manufacturing overhead: January $27,090, February $32,250. These costs include depreciation of $1,935 per month. All other overhead costs are paid as incurred.

Selling and administrative expenses: January $19,350, February $25,800. These costs are exclusive of depreciation. They are paid as incurred.

Sales of marketable securities in January are expected to realize $15,480 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $32,250. The company wants to maintain a minimum monthly cash balance of $25,800. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter "0" for amounts.)

DANNER COMPANY Cash Budget Repayments Receipts Direct Labor Sale of Marketable Securities Collections from Customers Direct Materials Total Disbursements Selling and Administrative Expenses Total Receipts Beginning Cash Balance Disbursements Ending Cash Balance Excess (Deficiency) of Available Cash Over Cash Disbursements Borrowings Financing 2 Manufacturing Overhead Total Available Cash January February