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Sunland Company expects to have a cash balance of $42,300 on January 1,2025 . Relevant monthly budget data for the first 2 months of 2025 are as follows. Collections from customers: January $79,900, February $141,000. Payments for direct materials: January $47,000, February $70,500. Direct labor: January $28,200, February $42,300. Wages are paid in the month they are incurred. Manufacturing overhead: January $19,740, February $23,500. These costs include depreciation of $1,410 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $14,100, February $18,800. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $11,280 in cash. Sunland Company has a line of credit at a local bank that enables it to borrow up to $23,500. The company wants to maintain a minimum monthly cash balance of $18,800. Prepare a cash budget for January and February. SUNLAND COMPANY Cash Budget February 28, 2025 Beginning Cash Balance Sale of Marketable Securities Collections from Customers Total Receipts Total Available Cash Less : Direct Materials Manufacturing Overhead Selling and Administrative Expenses Total Disbursements Excess (Deficiency) of Available Cash Over Cash Disbursements Financing Add : Borrowings Less : Repayments Ending Cash Balance