Exercise 13-14 Bramble Company expects to have a cash balance of $48,465 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $91,545, February $161,550 Payments fod direct materials: January $53,850, February $80,775. Direct labor: January $32,310, February $48,465. Wages are paid in the month they are incurred. Manufacturing overhead: January $22,617, February $26,925. These costs include depreciation of $1,615 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January 516,155, February $21,540. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $12,924 in cash. Bramble Company has a line of credit at a local bank that enables it to borrow up to $26.925. The company wants to maintain a minimum monthly cash balance of $21,540. Prepare a cash budget for January and February. Do not leave any answer fieldbank Enter for amounts.) BRAMBLE COMPANY Cash Budget January February