Danner Company expects to have a cash balance of $59,355 on January 1, 2017. Relevant monthly budget data for the .first 2 months of 2017 are as follows Collections from customers: January $112,115, February $197,850 Payments for direct materials: January $65,950, February s98,925 Direct labor: January $39,570, February s59,355. Wages are paid in the month they are incurred. Manufacturing overhead: January $27,699, February s32,975. These costs indlude depreciation of $1,978 per month. All other overhead costs are paid as incurred Selling and administrative expenses: January $19,785, February s26,380. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $15,828 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $32,975. The company wants to maintain a minimum monthly cash balance of $26,380 Prepare a cash budget for January and February. (Do not feave any answer field blank. Enter 0 for amounts.) DANNER COMPANY Cash Budget For the Two Months Ending February 28, 2017 Janua Februa inning Cash Balance Collections from Custome le of Marketable Securiti otal Available Cash ollections from Customer Sale of Marketable Secuiri otal Available Cash anufacturing Ove rect Material Direct Labor anufacturing Overheac lling and Administrative otal Disbursements ing Cash Balance ddBorrowi epayment nding Cash Balan