Exercise 23-14 Danner Company expects to have a cash balance of $59,985 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows: Collections from customers: January $113,305, February $199,950. Payments for direct materials: January $66,650, February $99,975 Direct labor: January $39,990, February $59,985. Wages are paid in the month they are incurred. Manufacturing overhead: January $27,993, February $33,325. These costs include depreciation of $1,999 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $19,995, February $26,660. These costs are exclusive of depreciation. They are paid as incurred. dy