Exercise 13-14 Bridgeport Company expects to have a cash balance of $55,620 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $105,060, February $185,400. Payments for direct materials: January $61,800, February $92,700. Direct labor: January $37,080, February $55,620. Wages are paid in the month they are incurred. Manufacturing overhead: January $25,956, February $30,900. These costs include depreciation of $1,854 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $18,540, February $24,720. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $14,832 in cash. Bridgeport Company has a line of credit at a local bank that enables it to borrow up to $30,900. The company wants to maintain a minimum monthly cash balance of $24,720. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter 0 for amounts.) BRIDGEPORT COMPANY Cash Budget January February $ $ : : : : $ $