Martin Company expects to have a cash balance of $133,700 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows: Collections from customers: January $249,600, February $435,700. Payments for direct materials: January $155,200, February $240,600 Direct labor: January $90,400, February $132,900. Wages are paid in the month they are incurred. Manufacturing overhead: January $63,300, February $76,000. These costs include depreciation of $5,100 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $45,900, February $61,100. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $35,800 in cash. Martin Company has a line of credit at the local bank that enables it to borrow up to $75,900. The company wants to maintain a minimum monthly cash balance of $60,600.