January Sales Purchases Salaries Administrative expenses Selling expenses February $360,600 $401,200 131,600 81,700 73,700 86,700 121,500 84,900 72,000 79,500 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 $1,200 of depreciation per month. Other data 1. Collections from customers: January $336,200; February $378,700 2. Payments for purchases: January $106,900; February $141,100 3. Other receipts: January: collection of December 31, 2016, notes receivable $17,900; February: proceeds from sale of securities $5,900. 4. Other disbursements: February $12,200 cash dividend The company's cash balance on January 1, 2017, is expected to be $47,100. The company wants to maintain a minimum cash balance of $56,070 Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter O for amounts.)