Grouper Corp. prepares monthly cash budgets. Here are relevant data from operating budgets for 2017. January Februa Sales Purchases Salaries Administrati Selling expenses 362,000 $400,400 20,800 130,700 84,100 81,100 ive expenses 71,400 73,000 79,100 87,300 All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the month incurred except for administrative expenses, which include $ 1,300 of depreciation per month. Other data. 1. 2. 3. Collections from customers: January $329,100; February $378,600. Payments for purchases: January $ 110,400; February $ 143,300. Other receipts: January: collection of December 31, 2016, notes receivable $17,600; February: proceeds from sale of securities $ 5,400 Other disbursements: February $ 13,000 cash dividend 4. The company's cash balance on January 1, 2017, is expected to be $ 47,600. The company wants to maintain a minimum cash balance of $ 47,440 Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter O for amounts.)