Danner Company expects to have a cash balance of $ 52,470 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows.

Collections from customers: January $ 99,110, February $ 174,900.

Payments for direct materials: January $ 58,300, February $ 87,450.

Direct labor: January $ 34,980, February $ 52,470. Wages are paid in the month they are incurred.

Manufacturing overhead: January $ 24,486, February $ 29,150. These costs include depreciation of $ 1,749 per month. All other overhead costs are paid as incurred.

Selling and administrative expenses: January $ 17,490, February $ 23,320. These costs are exclusive of depreciation. They are paid as incurred.

Sales of marketable securities in January are expected to realize $ 13,992 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $ 29,150. The company wants to maintain a minimum monthly cash balance of $ 23,320. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter 0 for amounts.)

Danner Compayexpects tohaveacashbalance ofS 52.470on January 2017. Relevatmonthy budget data for thehrst 2 moresor 2017 areas roles. Colection, from netnner, lairy $ 99 | 10, Fer ory % 174300 Payments for direct maras:Jnuary $ 58 300, February $87 450 Oirect labor Janury 5 34.980 February 5 52.470 Waes are pald in the month they are Incured Manufacturing overhead January $24486 February $29 150 These ct Include depreciation of $ 1,749 per month Allother averhead cnts arepaid as incurred eling and administrative experses January 5 17490 February $23,320. These costs are exclusive of depredation They are paid as incurred. Sales at marketable securlties In January are expected to realze 5 13 992 n cash Danner Company has a ne of crealt at a local bank that ensbles It to barrowupto5 29150 The company wants to maintain a minimum monthly cash balance of $ 23.320 Prepare a cash budget for lanuary and February Do not nave oy nwer feld blank EnterOfor amounts