Martin Company expects to have a cash balance of $133,600 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows: Collections from customers: January $245,700, February $441,600. Payments for direct materials: January $153,600, February $248,500 . Direct labor: January $90,000, February $132,700. Wages are paid in the month they are incurred. Manufacturing overhead: January $62,700, February $73,500. These costs include depreciation of $4,900 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $45,400, February $60,900. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $36,200 in cash. Martin Company has a line of credit at the local bank that enables it to borrow up to $74,300. The company wants to maintain a minimum monthly cash balance of $61,000. Prepare a cash budget for January and February. Martin Company Cash Budget For the Months Ending February 2020 $ January Fel