Kingbird Corporation prepares monthly cash budgets. Here are relevant data from operating budgets for $2027.$

All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the

month incurred. Administrative expenses include $$1,000$ of depreciation per month.

Other data.

Collections from customers: January $$328,000$; February $$378,000.$

Payments for purchases: January $$100,000$; February $$140,000.$

Other receipts: January: collection of December $31,2016,$ notes receivable $$17,000$; February: proceeds from sale of

securities $$5,000.$

Other disbursements: February $$12,000$ cash dividend.

The company's cash balance on January $1,2027,$ is expected to be $$47,000.$ The company wants to maintain a minimum cash balance

of $$59,000.$

Prepare a cash budget for January and February. $($Do not leave any answer field blank. Enter $0$ for amounts.$)$

KINGBIRD CORPORATION

Cash Budget

For the Two Months Ending February $28,2027$