Flounder 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. Flounder 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 COMPANY Cash Budget January February