I have done all the right calculations but for some reason it is wrong, the entries outlined by red and the correct ones are outlined by green. Hopefully this will be enough for you to work with , please show work so that I can have a better understanding.

Exercise 21-14 [2] Your answer is partially correct. Try again. Danner Company expects to have a cash balance of $60,435 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as ollows Collections from customers: January $114,155, February $201,750 Payments for direct materials: January $67,150, February $100,725 Direct labor: January $40,290, February $60,435. Wages are paid in the month they are incurred. Manufacturing overhead: January $28,203, February $33,575. These costs include depreciation of $2,017 per month. All other overhead costs are paid as incurred. Sellinig and administrative expenses: January $20,175, February $26,860. These costs are exclusive of depreciation. They are paid as incurred. aki Sales of marketable securities in January are expected to realize 16,116 in cash. Danner Company has a line or credit at a local bank that enables it borrow up to $33,575. The company wants to maintain a minimum monthly cash balance of $26,860. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter 0 for amounts.)