Danner Compary expects to have a cash balance of $49,950 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers: January $94,350, February $166,500. Payments for direct materialsidanuary $55,500. February $83,250 Direct labor: January $33,300, February $49,950. Wages are paid in the month they are incurred, Manufacturing overhead. January $23,310, February $27,750. These costs include deprechation of $1,665 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $16,650, February $22,200. These costs are exclusive of depreciation. They are paid as incurred, Sales of marketable securities in January are expected to realize $13.320 in cash. Danner Company has a line of credit at a local bank that enables it to bocrow up to $27.750. The cormpany wants to maintain a minimum monthly cash balance of $22,200. Prepare acash budget for January and February. DANNER COMPANY Cash Budget \begin{tabular}{|} \hline \\ \hline: \\ \hline \end{tabular}