Danner Company expects to have a cash balance of $63,066 on January 1, 2014. Relevant monthly budget data for the first 2 months of 2014 are as follows. Collections from customers: January $116,535, February $205,650. Payments for direct materials: January $68,550, February $95,970. Direct labor: January $41,130, February $61,695. Wages are paid in the month they are incurred. Manufacturing overhead: January $28,791, February $34,275. These costs include depreciation of $1,371 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $20,565, February $27,420. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $13,710 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $34,275. The company wants to maintain a minimum monthly cash balance of $27,420. Prepare a cash budget for January and February